Elon Musk, CEO of Tesla Inc., expressed his grief on Friday over the death of Kabosu, the Shiba Inu dog that inspired the creation of Dogecoin DOGE/USD.
What Happened: Musk responded to a post by DogeDesigner about Kabosu’s death, saying, “Rest In Peace.”
Kabosu, who became the face of Dogecoin and other dog-themed cryptocurrencies, passed away at the age of 19. The news was announced by an account dedicated to the legendary canine, stating that Kabosu passed away early morning Japanese time.
See Also: Tesla Stock Is Rallying Tuesday: What’s Going On?
The owner revealed that the funeral will be held on May 26 at Flower Kaori in Kotsu no Mori, Narita City.
The death of Kabosu has cast a shadow over the usually vibrant cryptocurrency industry, with many prominent figures expressing their condolences. Ethereum co-founder Vitalik Buterin also mourned the loss, writing “Rest in peace Kabochan.”
The Dogecoin Foundation paid tribute, saying “Rest in peace, dear Kabosu, beloved Doge. You were very much wow.”
Throughout its life, Kabosu made many friends, including celebrities and renowned investors. Musk, in particular, often mentioned Kabosu, who acted as a mascot for Dogecoin. This event has sparked a wave of similar dog-themed cryptocurrencies such as Shiba Inu, Dogelon Mars, and the Floki, inspired by Musk's pet Shiba Inu "Floki".
Meanwhile, popular meme coins Dogecoin, Shiba Inu SHIB/USD, and Floki FLOKI/USD cracked after the dog they are inspired by died. All three cryptocurrencies were down between 5% to 7% in the last 24 hours after Kabosu passed away.
Read Next: ‘Dogecoin Killer’ Shiba Inu Burn Rate Surges 435%, Trader Predicts 210% Price Explosion Ahead
Image via Shutterstock
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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