Kabosu, the Japanese dog that became a global Dogecoin meme and the face of the cryptocurrency Dogecoin, has died.
The Death Of The Dogecoin Meme
The Shiba Inu passed away peacefully in her sleep, at 18, her owner Atsuko Sato, announced in a blog post today. Kabosu gained fame as the face of Dogecoin, a crypto that began as a joke in 2013.
However, Dogecoin’s value soared when Tesla CEO Elon Musk started tweeting about it in 2020, becoming a major supporter. Since then, Musk has frequently promoted Dogecoin.
Last year, Dogecoin’s market value surged by $4 billion when Musk, who acquired Twitter in 2022, temporarily replaced Twitter’s blue bird logo with an image of the dog. Musk later renamed Twitter to X.
According to Coingecko.com, Dogecoin now has a market capitalization of about $23.6 billion, making it the ninth-largest cryptocurrency.
Dogecoin’s official social media account on X posted, “The impact this one dog has made across the world is immeasurable,” highlighting it’s significant influence.
See Also: X payments Launch Doge On Its Platform
How Does Affect Dogecoin
The death of the dog that inspired the Dogecoin meme, might have a sentimental impact on the Dogecoin community and its visibility in media, but it is unlikely to have a significant or direct impact on the overall crypto market.
Market movements in cryptocurrencies are primarily influenced by broader economic factors, regulatory news and market sentiment.
Although indirectly it could increase Dogecoins popularity due to the fame of the news. Given Dogecoin’s unique history and the emotional connection many users have with the Kabosu meme, there could be short-term fluctuations in Dogecoin’s price as a reaction to the news.
It’s also possible that increased media coverage might temporarily boost interest or trading activity related to Dogecoin.
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