Elon Musk, the CEO of Tesla and owner of X has joined DOGE proponents to eulogize Kabosu, the Shiba Inu dog breed that sparked the current memecoin ecosystem.
Of the many influential personalities in the crypto ecosystem, Elon Musk takes the lead as it relates to Dogecoin and other memecoins. The tribute post to Kabosu came with a meme featuring a Gorilla with angelic wings and the infamous DOGE mascot.
Elon wrote as a caption that “OG Doge has ascended to heaven to be with his friend Harambe.”
— Elon Musk (@elonmusk) May 24, 2024
The story behind DOGE is one that is known by few in the crypto ecosystem. It inspired the creation of Dogecoin by Billy Markus and others in 2013. The legacy of the dog included bringing memes into the blockchain ecosystem in which the ecosystem has grown to be more valuable than $60.2 billion in market capitalization.
The story of Harambe featured in the post is not what many knew. Harambe is a Silver-back Gorilla that died on May 28 2016 through gunshot wound from the zookeeper. It happened that a 3-year old boy visiting the zoo fell into Harambe’s enclosure. The aggressive animal thus dragged the boy, prompting the gunshot intervention from the zookeeper.
One intriguing similarity between Harambe and Kabosu is that they both died in May. Also both Harambe and Kabosu lived for 17 years before their death.
Posts from Elon Musk regarding Dogecoin is known to generally fuel the growth of the digital currency. After a bearish start to the day, Dogecoin is now up by 3.43% to $0.1659 as it looks to reclaim the $0.2 price mark.
Different memecoin projects has been launched to commemorate the Harambe Gorilla. One of the most popular, Harambe on Solana, has soared by more than 11% to $0.06221 in line with the Elon Musk post.
Overall, the digital currency ecosystem including Shiba Inu (SHIB), FLOKI and other industry leaders have also shared their tribute to the dead dog for its legacies. Another major reality check remains the tokenization of real world assets on the blockchain. Many might consider the creation of Dogecoin and example of tokenization and the impact is summarized by the $23.8 billion market cap of Dogecoin.
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