Kabosu, the Shiba Inu that inspired the "doge" meme, has passed away. The popular internet celebrity dog was over 17 years old. Kabosu's owner shared a blog post earlier today informing fans and admirers of Kabosu's passing. The blog reads: "We will be holding a farewell party for Kabo-chan on Sunday, May 26th. The party will be held at Flower Kaori in Kotsu no Mori, Narita City from 1pm to 4pm."
In December 2022, Kabosu’s owner announced on Instagram that his canine friend was suffering from acute cholangiohepatitis and chronic lymphomatous leukemia, a type of cancer.
Although Kabosu seemed to recover in the days following his diagnosis, his recovery was not very good, perhaps due to his advanced age.
Kabosu’s iconic image has become a popular meme online and is the inspiration for many cryptocurrency projects. Dogecoin (DOGE) and Shiba Inu (SHIB) are the most popular dog-themed cryptocurrencies. Other cryptocurrencies include Floki (FLOKI), dogwifhat (WIF), Bonk (BONK), and more.
While this is a sad moment for many, one thing is for sure, Kabosu’s memory will live on long, if not forever. He is one of the most iconic dogs in recent history, and his image has become ingrained in the cryptocurrency space.
Will the price of Shiba Inu and Dogecoin be affected by Kabosu’s death?
The cryptocurrency market fell into another downturn today, but it is unlikely to be due to Kabosu's death. The market rebound a few days ago was due to speculation on spot Ethereum (ETH) ETFs (Exchange Traded Funds). However, the U.S. Securities and Exchange Commission (SEC) has not approved spot ETH ETFs. The recent decline may be a correction triggered by this.
Shiba Inu (SHIB) price is down 6.6% on the daily chart, down 3.5% on the weekly chart and down 12.3% over the last month.
Dogecoin (DOGE), on the other hand, is down 5.7% on the daily chart but is up 3.3% from the previous week.
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