Elon Musk Commemorated the Dog, DOGE Price Increased

Elon Musk, owner of X, formerly known as Twitter, commemorated the dog, which is the mascot of Dogecoin (DOGE).

Dogecoin was developed inspired by the Shiba Inu dog named Kabosu. Kabosu's owner announced that his dog died this week.

Kabosu, who died at the age of 19, has inspired many memecoins so far. Among these, besides DOGE, there are Shiba Inu (SHIB), dogwifhat (WIF) and Bonk (BONK). Dogecoin price rose after Musk's post.

Elon Musk shared a photo of Kabosu and the gorilla named Harambe, who was killed in 2016. Harambe, who was killed at the zoo, also inspired many memecoins.

Dogecoin, which was launched in 2013, also rose in the past after Musk announced that Tesla customers could buy cars with DOGE.