Elon Musk joined Dogecoin supporters in honoring Kabosu, the Shiba Inu that inspired the creation of Dogecoin and the broader memecoin ecosystem.
Elon Musk, Tesla’s Chief Executive Officer and X owner, has joined DOGE supporters in paying tribute to Kabosu, the Shiba Inu dog breed that played a pivotal role in the development of the current memecoin ecosystem. Regarding Dogecoin and other memecoins, Elon Musk is the most influential personality in the cryptocurrency ecosystem.
He is also the most prominent figure in the cryptocurrency ecosystem. A meme depicting a gorilla with angelic wings and the infamous DOGE mascot was included in the post, which was a tribute to Kabosu. “OG Doge has ascended to heaven to be with his friend Harambe,” Elon wrote as a caption for the photo.
Elon Musk on DOGE and Harambe
Among those involved in the cryptocurrency ecosystem, only a select handful are aware of the history of DOGE. In 2013, it was the impetus for the development of Dogecoin by Billy Markus and others. The dog’s legacy included the introduction of memes into the blockchain ecosystem, which has since grown to more than $60.2 billion in market capitalization.
The dog’s legacy also included the introduction of memes. The post’s presentation of Harambe’s story is not widely known for its accuracy. On May 28, 2016, a silver-back gorilla named Harambe passed away as a result of a gunshot wound that was administered by the zookeeper.
Accidentally, a young boy of three years old who was visiting the zoo ended up falling into Harambe’s enclosure. As a result, the hostile animal dragged the youngster, which prompted the zookeeper to intervene with a bullet. The fact that both Harambe and Kabosu passed away in May is an intriguing parallel between the two.
In addition, both Harambe and Kabosu lived for a total of seventeen years before passing away.It is well known that posts made by Elon Musk on Dogecoin are a major contributor to the widespread expansion of the digital currency. Following a bearish beginning to the day, Dogecoin is currently trading at $0.1659, representing a gain of 3.43% as it attempts to recapture the $0.2 price level.
In order to pay tribute to the Harambe Gorilla, a number of memecoin projects have been initiated. Elon Musk’s article claims that the value of one of the most popular products, Harambe on Solana, has increased by more than 11%, reaching $0.06221. In general, the ecosystem of digital currencies, which includes Shiba Inu (SHIB), FLOKI, and other industry leaders, has also offered their gratitude to the deceased dog for the legacy it has left behind.
Implementing the tokenization of real-world assets to the blockchain is yet another significant reality check. The impact of Dogecoin’s establishment, which has a market cap of $23.8 billion, is a good illustration of tokenization. Many people may consider the creation of Dogecoin to be an example of tokenization.