Kabosu, the creator of Dogecoin ($DOGE), passed away early yesterday morning (24th). The death of the 19-year-old Shiba Inu meme founder, who became popular around the world, caused communities around the world to post condolences, including Elon Musk, the founder of Tesla, is known as the “godfather of Dogecoin”.
On Friday night, Musk first responded to a tweet related to Kabosu's death, praying that he rest in peace.
Not long after, Musk used his X account, which has 180 million followers, to post a picture of "gorilla Harambe holding Kabosu in heaven" and said :
OG Doge has gone to heaven to reunite with his friend Harambe.
Note: Harambe is a western lowland gorilla who was shot and killed by the Cincinnati Zoo in 2016 after a 3-year-old boy fell into its enclosure. This zoo safety incident caused widespread controversy and discussion around the world, and Harambe subsequently became a popular online figure. Road memes.
Musk effect, $DOGE jumps nearly 5%
Minutes after Musk’s tweet in memory of Kabosu, the master of Dogecoin, the price of $ DOGE soared nearly 5% to a maximum of $0.17328, but then began to decline. At the time of writing, it was trading at $0.16378, up 2.4% in the past 24 hours. , currently ranks as the 9th largest cryptocurrency by market capitalization, and remains the king of meme coins by market capitalization.
Shiba Inu Coin $SHIB , the second largest meme coin and the 13th largest cryptocurrency in terms of market capitalization, rose nearly 3% during the same period and is currently trading at $0.00002452, up 0.3% in the past 24 hours.
The jump of Dogecoin highlights Musk’s influence on DOGE and even the entire meme currency market. In recent years, Musk has repeatedly expressed his preference for Dogecoin on Twitter. Last year, he even changed Twitter’s bluebird LOGO. The meme that became Kabosu caused Dogecoin to increase by 37% .
Many cryptocurrency communities have also speculated that Musk may be one of the largest holders of Dogecoin. Musk also admitted at the beginning of the year that he still holds a large amount of Dogecoin, and DOGE is also his favorite cryptocurrency.
Musk said in March this year that Dogecoin would be accepted to purchase Tesla electric vehicles at some point in time, and many communities are also optimistic that Musk will integrate Dogecoin into the upcoming X payment system (XPayments).
Extended reading: Is X payment coming? Musk creates “@XPay” account without warning, Dogecoin jumps 13%
