Kabosu, the Shiba Inu "doge" meme icon, has passed away, causing a surge in Dogecoin priceThe recent passing of Kabosu, the Shiba Inu who inspired the iconic "doge" meme, has sparked widespread attention within the cryptocurrency community. Kabosu, adopted by Atsuko Sato, was the subject of a photo taken in 2010 by Sato
Kabosu, the Shiba Inu "doge" meme icon, has passed away, causing a surge in Dogecoin price
The recent passing of Kabosu, the Shiba Inu who inspired the iconic "doge" meme, has sparked widespread attention within the cryptocurrency community. Kabosu, adopted by Atsuko Sato, was the subject of a photo taken in 2010 by Sato. In the photograph, Kabosu sits with crossed paws, looking sideways at the camera with a slight upturn of the corners of her mouth, her expression seemingly a mix of cunning and innocence, both goofy and mocking. This image unexpectedly went viral in 2013, becoming the famous "doge" meme.
The word "doge" originates from the American internet animation HomestarRunner. It became Kabosu's nickname after a "bombing" incident between two major social forums, 4chan and Reddit, in 2013. Kabosu's owner, Atsuko Sato, announced a memorial service for her beloved pet on May 26th at FlowerKaori in Narita City.
Kabosu's passing has also reignited the cryptocurrency community's focus on Dogecoin (DOGE). Dogecoin, initially traded at a fraction of a cent, experienced a meteoric rise in 2021 fueled by social media hype, celebrity endorsements (most notably Elon Musk), and nostalgia among early internet users. At its peak, Dogecoin's market capitalization soared to over $85 billion, making it one of the top ten cryptocurrencies by market cap.
The impact of Kabosu's death on the price of Dogecoin has also attracted market attention. As of this writing, DOGE is trading at $0.16497. Upon the news of Kabosu's passing, DOGE jumped by 7%, shooting from a low of $0.156 to a high of $0.1715.
Dogecoin's rapid rise brought significant media attention to cryptocurrencies, drawing in new investors and increasing overall market engagement. Charitable initiatives by the Dogecoin community, such as funding the Jamaican bobsled team for the 2014 Winter Olympics, showcased the positive potential of the crypto community. However, the rapid fluctuations in Dogecoin's price also highlight the speculative nature of cryptocurrencies, reminding investors of the high-risk, high-reward environment.
Kabosu's passing is a loss for the cryptocurrency community and a reminder that even internet memes can have a profound impact on our lives. The journey of Dogecoin demonstrates the power of social media and the volatility and speculative nature of the cryptocurrency market.
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
