Kabosu’s Peaceful Passing
Kabosu, the Japanese dog renowned for becoming a global meme and the face of Dogecoin, has passed away at 18. Her owner, Atsuko Sato, shared the news in a blog post on Friday. The beloved Shiba Inu died peacefully in her sleep.
Rise to Meme Stardom
Kabosu’s image became synonymous with Dogecoin, an alternative cryptocurrency created as a satirical take on the 2013 crypto craze. The meme’s popularity soared, turning Kabosu into an internet sensation.
Influence of Elon Musk
The value of Dogecoin skyrocketed after Tesla CEO Elon Musk, a known cryptocurrency enthusiast, began tweeting about it in 2020. His frequent promotions of the coin significantly boosted its market value. Last year, Dogecoin’s market value increased by as much as $4 billion when Musk, who acquired Twitter in 2022, temporarily replaced the platform’s blue bird logo with an image of Kabosu. Following this, Twitter was rebranded as X.
Dogecoin’s Market Position
Currently, Dogecoin holds the position of the ninth largest cryptocurrency, boasting a market capitalization of approximately $23.6 billion, according to Coingecko.com.
Kabosu’s Global Impact
“The impact this one dog has made across the world is immeasurable,” Dogecoin stated on the social media site X on Friday. Kabosu’s legacy continues to resonate, highlighting the significant influence a single meme can have globally.
News Reference
