The Japanese Shiba Inu breed dog, Kabosu, known for being a key figure in Reddit's meme culture and as the symbol of the popular cryptocurrency Dogecoin (DOGE), passed away peacefully at the age of 18 in Sakura, Japan. Kabosu's owner, Atsuko Sato, shared the news of her beloved pet's demise, expressing gratitude for the support received over the years. The death of Kabosu, the face behind the Doge meme and DOGE currency, garnered significant mainstream attention, surpassing even that of prominent figures like former U.S. First Lady Rosalynn Carter. Kabosu's impact highlights the pervasive influence of meme coins in the modern era. Dogecoin, originating in 2013 as a playful offshoot of Bitcoin, has gained immense popularity, making it the 8th largest Web3 blockchain cryptocurrency globally. The mention of Kabosu in relation to Dogecoin elicited widespread media coverage and recognition, emphasizing the significant role played by meme culture in the success of digital currencies. While Dogecoin continues to enjoy widespread recognition, new entrants like Kai Cat Coin (KAI) are emerging as potential contenders in the cryptocurrency market, raising substantial funds and attracting wealthy investors. The evolving landscape of meme coins underscores the dynamic nature of the digital economy, where memes and online communities wield substantial influence over financial trends.
The Legacy of Kabosu and the Rise of Meme Coins

by Giorgi Kostiuk
2 years ago

Other news
Institutional Buying Signals Confidence in Bitcoin Market

SkyBridge Capital, led by Anthony Scaramucci, is actively buying Bitcoin during its price dip, indicating long-term confidence in the cryptocurrency despite short-term volatility.

Banking Coalition Draws Line Against FIT21 Act

A coalition of banking groups, including the American Bankers Association and the Bank Policy Institute, has expressed strong opposition to the FIT21 Act, which aims to regulate digital assets.

Tokenized Commodities Market Surges Past $6 Billion

The market for tokenized commodities has surpassed $6 billion, primarily driven by gold-backed tokens like Tether Gold and Pax Gold.

Speculation on US Bitcoin Reserve Revived by Market Commentator

Jim Cramer's remark about a potential US Bitcoin Reserve at $60,000 has reignited discussions in the crypto community.

CryptoQuant Founder Analyzes Bitcoin Market Dynamics

Ki Young Ju, the founder of CryptoQuant, analyzes Bitcoin's market dynamics, stating it is not pumpable due to the divergence between Market Cap and Realized Cap.

EU Moves to Sanction Russian Crypto Transactions

The European Commission is taking steps to prohibit all crypto transactions with Russia to prevent sanctions evasion.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter