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On May 24, meme currency symbol Kabosu died after a long illness.
Kabosu, which symbolizes the Dogecoin (DOGE) token, was 18 years old. In early May, his condition worsened drastically. The dog could no longer walk independently and moved with the help of an animal wheelchair.
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Kabosu owner Atsuko Sato wrote in the kabochan blog that Kabosu felt normal before his death, eating rice and drinking water. The dog's farewell will take place on May 26 in Narita, Japan.
“We hope to have a fun farewell party at Sakura Furusato Hiroba when the weather gets cooler.”
Atsuko Sato, owner of Kabosu
In December 2022, Kabosu was diagnosed with chronic lymphocytic leukemia. Atsuko Sato said the pet is “in a very dangerous condition.” On Christmas Eve, the dog stopped eating and drinking, but after a while he regained his appetite.
crypto community reaction
The crypto community and fans of the most famous Shiba Inu expressed their condolences.
The official Dogecoin
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In honor of the dog's memory, Dogecoin fans decided to launch a long-planned limited nft collection. The 5,000 nfts will be free and users will only have to pay gas fees.
The Shiba Inu (SHIB) cryptocurrency community also thanked Kabosu for his contribution to the development of meme coins.
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ethereum co-founder Vitalik Buterin also joined the pain by retweeting a post from the owner of Kabosu.
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From a haven to crypto industry leaders
Kabosu turned to volunteers after the previous owner and breeder went bankrupt and could no longer support the dogs he had moved to the shelter. At the charity center, Atsuko Sato took Kabosu away.
Photos of the pet first appeared on its owner's blog in 2010 and almost immediately went viral. Kabosu became famous after a photo of him with the word “Doge,” spelled incorrectly in English, went viral on the Internet.
Many texts were attributed to the image of Kabosu's surprised face, lying with his legs bent, and several images were added, and as a result, the image became a meme. Kabosu's popularity increased and the dog's portrait appeared on various things, from toys to bitcoin (btc).
In 2013, the Internet meme. was classified 12th on MTV's list of “50 Things Pop Culture Made Us Thankful For This Year.” That same year, developer Jackson Palmer used the doge as the logo for the Dogecoin cryptocurrency.
In 2018, Vitalik Buterin visited a dog owner in Japan.
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Later, in 2020, Kabosu's image appeared in another popular meme – about two Shiba Inu dogs, one of which personifies strength and endurance, and the other – weakness and helplessness.
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Elon Musk also bought this meme coin. He stated that Tesla, Starlink and Starship would accept Dogecoin as payment and that integration into the x payment service is also planned.
Dogecoin's impact on the meme coin market
By the time the Dogecoin developers launched the project, Kabosu had already become the epitome of meme coins. This may be why the developers used the dog meme in their currency.
The main goal of Dogecoin was to demonstrate the users' satirical attitude towards how cryptocurrencies suddenly became popular. In fact, cryptocurrencies do not stand out among others and do not deserve special attention.
The power of social impact has become a major driver of growth and traction for DOGE. The first phase of the coin's heyday came in 2021, when Dogecoin's value increased by more than 800% in 24 hours and reached $0.07, thanks to the support of Reddit users. In February, the Doge fan community welcomed Elon Musk.
The success of Dogecoin led to the emergence of similar projects. Dogecoin's closest competitor, Shiba Inu, was initially launched to surpass Dogecoin's popularity using an identical image of the Japanese Shiba Inu dog breed.
Since then, the image of a Shiba Inu dog has gone viral on the meme coin market. Projects launch all kinds of DOGE analogues, stylizing the image of a famous dog: BabyDoge, Dogwifhat (WIF) and others.
However, no one has been able to top Dogecoin's success yet: the coin has consistently been in the top 10 cryptocurrencies by market capitalization for several years. He doesn't even think about giving his place to anyone.
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