As a crypto investor with experience in the memecoin ecosystem, I’m always keeping an eye on Elon Musk’s tweets, especially when it comes to Dogecoin (DOGE). His recent tribute to Kabosu, the Shiba Inu dog breed that inspired the creation of DOGE and other memecoins, was a significant moment for many of us in this community.
Elon Musk, the head of Tesla and proprietor of X, has paid tribute to Kabosu, the Shiba Inu canine beloved by DOGE supporters, who ignited the present meme coin craze.
Elon Musk on DOGE and Harambe
Among the notable figures in the crypto world, Elon Musk stands out as the most impactful figure when it comes to Dogecoin and other meme-based cryptocurrencies. In recognition of this, a commemorative post was made, complete with an engaging meme. The meme depicted a gorilla endowed with angelic wings, accompanied by the iconic 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
As a crypto analyst, I’d like to share some insights about the intriguing backstory of DOGE, a cryptocurrency that has left a significant mark on the digital currency landscape. In 2013, a group of pioneers, led by Billy Markus, drew inspiration from a popular internet meme featuring a Shiba Inu dog and brought it to life as Dogecoin. This playful creation was more than just a fun spin-off; it paved the way for integrating memes into the burgeoning blockchain ecosystem. Fast forward to today, the Dogecoin community has flourished and amassed a remarkable market capitalization worth over $60.2 billion.
The post shares an unfamiliar account of Harame’s tale. Harambe was a silverback gorilla who met his end on May 28, 2016, following a gunshot wound inflicted by the zookeeper. Tragically, a young boy of three years old had wandered into Harambe’s enclosure earlier that day. In response to the distressed situation, the gorilla became agitated and pulled the child, leading to the fatal intervention from the zookeeper.
As an analyst, I’ve noticed an interesting correlation between the two popular figures, Harambe and Kabosu. We sadly lost Harambe and Kabosu in the fifth month of different years. Prior to their untimely demises, they both lived for a total of seventeen years each.
The Bullish DOGE Reaction
As a researcher studying the impact of social media on cryptocurrency markets, I’ve observed that Elon Musk’s posts about Dogecoin have historically contributed to its price growth. Today, despite an initial downturn, Dogecoin has rallied by 3.43% and is currently trading at $0.1659. The digital currency aims to regain the $0.2 mark in the coming hours.
As a crypto investor, I’ve noticed an intriguing trend in the memecoin market. Several projects have emerged in honor of Harambe the Gorilla, and one of the most buzzed-about, Harambe on Solana, has experienced a significant surge. Following Elon Musk’s recent post, the price of Harambe on Solana has spiked by over 11%, reaching $0.06221.
In summary, the digital currency sector, which includes Shiba Inu (SHIB), FLOKI, and other key players, has paid homage to the memory of a deceased dog through their platforms. A significant development to note is the tokenization of real-world assets on the blockchain. The creation of Dogecoin serves as a prime example, with its impressive market cap of $23.8 billion showcasing the far-reaching influence of this innovation.
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2024-05-24 19:44