The Face Behind the Meme Cryptocurrency
- Japanese Shiba Inu dog Kabosu, inspiration for DogeCoin cryptocurrency, passes away at 18
- DogeCoin market cap reaches almost $23 billion
- Prominent supporters include Snoop Dogg and Elon Musk
- Kabosu’s owner adopts dog from animal shelter in 2008
- Statue of Kabosu built in Japanese city of Sakura
Kabosu, a Japanese Shiba Inu dog who inspired the popular cryptocurrency DogeCoin, has passed away at the age of 18. Suffering from leukemia and liver disease, Kabosu’s owner announced her peaceful passing on Instagram. The dog gained fame as the centerpiece of the ‘Doge’ internet meme and later became the face of the cryptocurrency DogeCoin, which was launched in December 2013 using her image. With a market capitalization of nearly $23 billion, DogeCoin has garnered support from celebrities like Snoop Dogg and Elon Musk. The meme coin experienced a surge during COVID-19 and became the official sponsor of English soccer club Watford F.C. Kabosu’s owner adopted her from an animal shelter in 2008, and a statue was built in her honor in Sakura, Japan.
Factuality Level: 8
Factuality Justification: The article provides accurate information about Kabosu’s death and her connection to DogeCoin. It also includes relevant details about her owner, her background, and the cryptocurrency’s market capitalization and notable supporters. However, it could be improved by providing more context on DogeCoin’s creation and its current status.
Noise Level: 4
Noise Justification: The article provides some relevant information about the passing of Kabosu and her connection to DogeCoin, but it also includes unnecessary details about her personal life and the creator’s memories. It could have been more focused on the impact of Kabosu’s death on the cryptocurrency market or the future of DogeCoin without these personal anecdotes.
Key People: Atsuko Sato (Kabosu’s owner), Billy Markus (American software engineer), Jackson Palmer (American software engineer), Elon Musk (Space X founder)
Financial Relevance: Yes
Financial Markets Impacted: Cryptocurrency markets, specifically DogeCoin
Financial Rating Justification: The article discusses the impact of Kabosu’s death on the cryptocurrency DogeCoin and its market capitalization. It also mentions DogeCoin’s partnership with an English soccer club, Watford F.C., and Elon Musk’s support for the meme-coin.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article. Kabosu’s death, while sad, does not have a significant impact on the cryptocurrency market or society as a whole.
www.marketwatch.com 
