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
Government Pressure Drives Majority of Debanking Cases in the US
A report from the Cato Institute reveals that most debanking cases in the US are influenced by government actions rather than individual bank policies.
Korbit Faces 273 Billion Won Fine for AML Violations
Korbit, a leading South Korean cryptocurrency exchange, has been fined 273 billion won for failing to comply with Anti-Money Laundering regulations.
Emergence of Remittix as a Key Player in Crypto Payments
Emergence of Remittix as a Key Player in Crypto Payments
US Treasury Unveils $200 Billion MBS Support Plan
The US Treasury has announced a new mortgage-backed securities purchase program to stabilize mortgage rates and improve housing affordability.
Ethereum Forms Symmetrical Triangle as Market Sentiment Remains Cautious
A symmetrical triangle is forming in Ethereum's price action, indicating potential volatility as buyers and sellers are in a standoff.
Blockchain Technology Revolutionizes Medical Data Exchange
Blockchain technology improves medical data exchange by addressing privacy concerns and data silos through decentralization and transparency.
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