June 16, 2024
1 Solar System Way, Planet Earth, USA
Crypto

Kabosu, beloved Shiba Inu and face of the iconic 'Doge' meme, passes away

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Kabosu, the Shiba Inu who gained attention as the face of the iconic “Doge” meme, which inspired the creation of Dogecoin, passed away peacefully today at the age of 17.

Her owner, Atsuko Sato, announced the news about her. official blog, expressing gratitude for the love and support shown to Kabo-chan over the years. Kabosu's admirers will hold a farewell gathering at Flower Kaori in Kotsu no Mori, Narita City, on May 26.

The crypto community and Kabosu fans have expressed their condolences, sharing tributes and cherished memories of the dog who became an internet legend.

It was in 2010 when Kabosu's image attracted attention. An adopted dog, Kabosu's skeptical and curious expression, documented by Sato, went viral, resulting in the creation of the “Doge” meme. The image, often combined with funny phrases in broken English and the equally irreverent Comic Sans font, has become a cornerstone of Internet culture.

The popularity of the meme prompted the creation of Dogecoin 2013, a cryptocurrency forked from Litecoin, which in turn is a fork of Bitcoin. Both Litecoin and Dogecoin use the Scrypt hashing algorithm for their proof-of-work consensus mechanism, allowing miners to mine both coins simultaneously.

Although, as conceived by Jackson Palmer, Dogecoin was intended to be a “joke” currency, it gained traction and raised funds for charities. In 2021, it reached its all-time high of $0.73 after a rally influenced by the r/WallStreetBets community on Reddit.

At the time of writing, Dogecoin (DOGE) has fallen 5% in the last 24 hours and is currently trading at $0.15. Kabosu's influence extends beyond Dogecoin, inspiring an entire category of dog-themed meme coins, including Shiba Inu (SHIB), Floki Inu (FLOKI), and dog hat (WIF).

The broader market for dog-themed coins is also recovering from the impact, with CoinGecko's coin listing down by an average of 5% compared to the previous day. The community appears to be in collective mourning over Kabosu's passing.

Kabosu's legacy as a symbol of crypto culture and Dogecoin will continue to inspire the crypto community.

Rest in power, Kabo-chan.

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