Elon Musk, a well-known supporter of Dogecoin, has paid his respects to Kabosu, the dog that inspired the rise of meme-based cryptocurrencies.

The CEO of Tesla and prominent figure in the crypto world, Elon Musk, has united with Dogecoin enthusiasts to commemorate Kabosu, the Shiba Inu whose influence sparked the meme coin phenomenon.

Elon Musk's Touching Tribute to DOGE and Harambe

Among the influential figures in the crypto space, Elon Musk stands out for his involvement with Dogecoin and other meme coins. His tribute to Kabosu featured a meme depicting a Gorilla with angelic wings alongside the iconic DOGE mascot.

In his caption, Elon Musk expressed that the "OG Doge has transcended to heaven to reunite with his companion Harambe."

The origin of Dogecoin is a lesser-known tale within the crypto community. It was born out of the inspiration provided by Kabosu, leading to its creation by Billy Markus and others in 2013. This dog's legacy introduced memes to the blockchain world, contributing to a market capitalization exceeding $60.2 billion.

The narrative surrounding Harambe, as mentioned in the post, sheds light on a different aspect of his story. Harambe, a Silver-back Gorilla, met his end on May 28, 2016, due to a fatal gunshot wound inflicted by a zookeeper. The tragic incident occurred when a 3-year-old child fell into Harambe's enclosure, prompting the animal's aggressive response and subsequent intervention.

A notable coincidence between Harambe and Kabosu is their shared fate of passing away in the month of May, having both lived for 17 years before their untimely deaths.

The Positive Impact on DOGE

Elon Musk's posts about Dogecoin typically lead to increased interest and growth in the digital currency. Following a sluggish start, Dogecoin has surged by 3.43% to $0.1659, aiming to surpass the $0.2 price threshold once again.

Various meme coin projects have emerged to honor Harambe, with one standout being Harambe on Solana, experiencing an 11% surge to $0.06221 following Elon Musk's tribute.

In addition to Dogecoin, other cryptocurrencies like Shiba Inu (SHIB), FLOKI, and industry leaders have also paid homage to the departed dog for its enduring impact. The tokenization of real-world assets on the blockchain serves as a significant development, with Dogecoin's $23.8 billion market capitalization exemplifying the influence of tokenization in the digital currency realm.