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Dogecoin And Shiba Inu Icon Pass Away At 17

Kabuso, the dog that inspired Shiba Inu and Dogecoin, passed away  at 17 years old.

TakeAway Points:

  • Kabosu, the dog that inspired Shiba Inu (SHIB) and Dogecoin (DOGE), died at the age of more than 17.
  • In 2013, a wave of tokens with dog themes was created by DOGE, which was inspired by Kabosu’s viral meme.
  • A sizable segment of the cryptocurrency market has grown up around dog-themed coins like FLOKI, SHIB, and DOGE.

Kabuso’s passing

The Shiba Inu dog, Kabuso, whose widely shared photo turned into the face of Dogecoin (DOGE) and sparked a trend of canine-themed cryptocurrencies, is mourned by the cryptocurrency community. The owner, Atsuko Sato, posted a poignant blog post announcing Kabuso’s early Friday death at the age of 17. 

“On Sunday, May 26th, we will be throwing a farewell celebration for Kabo-chan. From 1 to 4 p.m., it will take place at Flower Kaori in Kotsu no Mori, Narita City,” Sato wrote.

The picture of Kabuso went viral in 2010 and featured the dog with its paws folded and an expression of worry, along with a made-up inner monologue in shaky English. Internet users all around the world fell in love with this meme as it swiftly went viral on sites like Reddit and 4Chan. Due to the popularity of the meme in 2013, Dogecoin was created. Originally meant to be joke money, it has subsequently developed into a major player in the cryptocurrency industry.

The Effect of Dogecoin

With the introduction of Dogecoin, the world of cryptocurrency entered a new age when digital assets and meme culture collided. The coin attracted a lot of interest and support from well-known people, such as Elon Musk. Dogecoin hit $400 at its highest point in trading before taking a big dive and now trades for 71 cents. Dogecoin has a devoted fan base and has helped many people enter the realm of cryptocurrencies, despite its unstable nature.

The popularity of Dogecoin also made new tokens with dog themes possible, such as Floki (FLOKI) and Shiba Inu (SHIB). The fact that these tokens have come to dominate the industry as a whole shows how much internet culture has influenced financial markets. For those in the cryptocurrency world who have followed the history of these tokens since their conception, Kabuso’s demise thus signifies the end of an era.

Market Responses

The cryptocurrency community has responded in a variety of ways to the news of Kabuso’s passing. Some are considering the wider effects of meme tokens on the market, while others are viewing it as a nostalgic occasion.

“Kabuso’s image and the subsequent creation of Dogecoin have shown us the unpredictable yet fascinating nature of the crypto world,” said a prominent crypto analyst. “It’s a reminder of how cultural phenomena can drive financial innovation.”

The farewell party for Kabuso is expected to be a significant event, drawing attention from both the crypto community and the general public. It serves as a moment to reflect on the unique journey of Dogecoin and its impact on the broader financial landscape. As the community gathers to bid farewell to the beloved Shiba Inu, it also looks ahead to the future of meme tokens and their place in the evolving world of digital assets.

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