A recent statement by Ethereum co-founder Vitalik Buterin regarding his lack of a pet dog has caused a stir in the crypto world. This revelation debunked the popular myth of his dog named 'Misha,' leading to a sharp decline in the price of the namesake meme coin.
Vitalik Buterin's Statement
Vitalik Buterin revealed on the Warpcast platform that neither he nor his family owns a dog. 'I don't have a dog of my own, nor do my family, only cats,' said Buterin, denying the widespread belief that he has a pet dog named 'Misha'.
MISHA Price Drop
Following Buterin's statement, the value of the memecoin MISHA, rumored to be named after Buterin’s alleged dog, fell by more than 50%. The token, which has garnered attention among memecoin enthusiasts, is currently trading at $0.0000158.
Trend of Memecoins Named After Celebrity Dogs
Recently, there has been an increase in the number of memecoins that claim to be named after dogs of famous people. If these memecoins really have the same name as the dogs of the famous individuals, their prices increase with various statements. One of the best examples is Elon Musk and his dog Floki. Floki Inu (FLOKI), which is not actually a new altcoin, was inspired by Elon Musk's dog and is the fifth largest memecoin in the world at the time of writing.
Vitalik Buterin's recent statement has highlighted the influence of celebrities on the cryptocurrency market. Despite the drop in the value of MISHA, interest in memecoins associated with famous personalities continues to rise.
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