,🔥Cardano (ADA) founder Charles Hoskinson and Tesla CEO Elon Musk's tweets caused significant price fluctuations in Dogecoin (DOGE).
👇Following the death of Kabosu,
the Shiba Inu dog that inspired the Dogecoin meme,
Hoskinson tweeted a heartfelt message and a GIF saying, “I was your friend and I will always be your friend,” adding, “Doge to Bitcoin.”
💥Kabosu, who became an internet sensation in the early 2010s, inspired Dogecoin's creation in December 2013.
This meme coin became the largest by market cap, spawning numerous other dog-themed cryptocurrencies.Kabosu’s death had a notable impact on Dogecoin's price.
The first spike occurred at 1:40 a.m. when the news broke, and another at 11 a.m. following Elon Musk’s tweet.
Musk shared an image of a Shiba Inu and Harambe gorilla, stating, "OG Doge went to heaven to join his friend," which caused a significant market reaction.
This incident highlights the sensitivity of meme coins to social media and the influence of prominent figures in the cryptocurrency space.