Established Meme Coins Hold Key to Sector's Success

Analyst David Gokhshtein argues that the momentum of established meme coins like Dogecoin and Shiba Inu, not new coin launches, is what strengthens the wider meme coin ecosystem.

Gokhshtein's post frames this as a focus problem, with investors constantly chasing 'the next DOGE, SHIB, or PEPE' while ignoring the two coins that already drive the sector.

Dogecoin and Shiba Inu have deeper liquidity, wider exchange support, and larger holder bases than most newer coins. When either one gains real momentum, it tends to pull retail attention and often trading volume back into meme-coins broadly.

The meme coin market is currently facing short-term pressure, with total market capitalization around $22.63 billion, down 5.76% in 24 hours.