Dogecoin (Doge) Prize sinks after the death of Shiba Inu Kabosu

• Kabosu, the Shiba Inu behind Dogecoin (Doge), died at the age of 18.
• After the news of Kabosus Death, the price of Dogecoin fell by over 5 % to $ 0.1535
• The legacy of Kabosu lives on through the charitable effect of Dogecoin and the honors of the community.

In a moving moment for the cryptocurrency community, Kabosu, the Shiba Inu-Hund, who inspired the iconic Dogecoin (Doge) meme, died at the age of 18.

The message that her owner Atsuko Sato announced on May 24, 2024 echoed worldwide and triggered a wave of condolences and considerations of Kabosus Remarkable influence on internet culture and the crypto world.

from the shelter dog to the face of a viral crypto sensation

Kabosus away from the animal shelter dog to the face of a viral sensation began in 2010 when Sato took photos of her newly adopted pet online.

A picture that captures Kabosus skeptical, but nevertheless curious facial expression, quickly went viral and led to the birth of the "Doge" memes.

accompanied by funny, broken English phrases, this meme became an integral part of the internet humor and finally the official logo of cryptocurrency Dogecoin (Doge).

Over the years, Dogecoin has exceeded its origins as a meme and contributes to various philanthropic purposes, for example to finance projects for drinking water supply and sponsorship of the Jamaican Bobseam. The image of Kabosu became a symbol of this effort and reinforced the positive social effects of the Dogecoin community.

Effects on the Dogecoin (Doge) Prize

The death of Kabosu has not only caused emotional reactions, but also influenced the financial markets, especially the cryptom market.

After the announcement, Dogecoin's price fell by over 5 % and was $ 0.1535. Although he recovered slightly, the price of Dogecoin (Doge) was still about 3 % lower at $ 0.1627

Shiba Inu (Shib), another meme coin with Shiba-Inu-Temol, also experienced a similar downturn and fell 5.5 % to $ 0.00002422, which illustrates the deep connection between the mood around Kabosu and the performance of related cryptopical drives.

In the middle of the decline in the price according to Kobosus death data from intotheblock shows a increase in large dog-transactions, whereby the value of significant transactions has more than doubled and on 3.01 billion US dollars has increased.

In addition, a dormant Dogecoin Wal became active with 893,303 Doge after a decade and transferred part of his stocks to Binance.

Dogecoin community complains Kobosus Defeat

The Dogecoin community has loudly expressed its recognition. The official Dogecoin account on X recognized Kabosus profound global influence and described it as a source of happiness and limitless love.

Today Kabosu, the joint girlfriend and inspiration of our community, died peacefully in the arms of her owner. The influence that this one dog had all over the world is immeasurable.

she was a being who only knew happiness and limitless love.

Please keep your mind and family ...

- Dogecoin (@Dogecoin) 24. May 2024

Many members of the Web3 community, including the owner of Kabosu, have also spoken out of their condolences and highlighted the role of Kabosu in promoting a carefree and charitable spirit within the crypto sector.

On November 2, 15 years ago we welcomed Kabosu in our family.
I remember the first day when she came home. She was scared and sat in the corner of the room, motionless and quiet. She just stared at me with these big round eyes. pic.twitter.com/4miyrenemr

- かぼすママ (@kabosumama) 4. November 2023

Kabosus Farewell party is planned for May 26th in Narita City, Japan.

While the world is saying goodbye to this loved one, her mind and joy that she brought, the digital landscape will undoubtedly inspire and shape the digital landscape in the coming years.