Crypto

Kabosu, Dogecoin and Shiba Inu Icon, Passes Away at 17

Kabuso, the 17-year-old Shiba Inu who inspired Dogecoin, passed away, marking the end of an era in crypto.

By Jack Wilson

5/24, 02:17 EDT
Bitcoin / U.S. dollar
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Key Takeaway

  • Kabosu, the dog behind Dogecoin (DOGE) and Shiba Inu (SHIB), passed away at over 17 years old.
  • Kabosu's viral meme led to the creation of DOGE in 2013, sparking a wave of dog-themed tokens.
  • Dog-themed tokens like DOGE, SHIB, and FLOKI have become significant sectors in the cryptocurrency industry.

Passing of Kabuso

The crypto world mourns the loss of Kabuso, the Shiba Inu dog whose viral image became the face of Dogecoin (DOGE) and inspired a wave of dog-themed cryptocurrencies. Kabuso passed away early Friday at the age of 17, as announced by his owner, Atsuko Sato, in a heartfelt blog post. "We will be holding a farewell party for Kabo-chan on Sunday, May 26th. It will be held at Flower Kaori in Kotsu no Mori, Narita City, from 1pm to 4pm," Sato wrote.

Kabuso's image, which first went viral in 2010, showed the dog with folded paws and an alarmed expression, accompanied by a fictitious inner monologue in broken English. This meme quickly spread across platforms like Reddit and 4Chan, capturing the hearts of internet users worldwide. In 2013, the meme's popularity led to the creation of Dogecoin, initially intended as a joke currency but which has since grown into a significant player in the cryptocurrency market.

Dogecoin's Impact

Dogecoin's creation marked the beginning of a new era in the crypto world, where meme culture and digital assets intersected. The currency gained substantial attention and support from high-profile figures, including Elon Musk. At its peak, Dogecoin traded as high as $400 before experiencing a significant drop, currently trading at 71 cents. Despite its volatile nature, Dogecoin has maintained a loyal following and has been a gateway for many into the world of cryptocurrencies.

The success of Dogecoin also paved the way for other dog-themed tokens such as Shiba Inu (SHIB) and Floki (FLOKI). These tokens have collectively become one of the industry's largest sectors, demonstrating the powerful influence of internet culture on financial markets. The passing of Kabuso, therefore, marks the end of an era for many in the crypto community who have followed the journey of these tokens from their inception.

Market Reactions

The news of Kabuso's passing has elicited a range of reactions from the crypto community. While some see it as a sentimental moment, others are reflecting on the broader impact of meme tokens on the market. "Kabuso's image and the subsequent creation of Dogecoin have shown us the unpredictable yet fascinating nature of the crypto world," said a prominent crypto analyst. "It's a reminder of how cultural phenomena can drive financial innovation."

The farewell party for Kabuso is expected to be a significant event, drawing attention from both the crypto community and the general public. It serves as a moment to reflect on the unique journey of Dogecoin and its impact on the broader financial landscape. As the community gathers to bid farewell to the beloved Shiba Inu, it also looks ahead to the future of meme tokens and their place in the evolving world of digital assets.