Elon Musk, Tesla CEO and owner of X, has paid tribute to Kabosu, the Shiba Inu dog that inspired the creation of Dogecoin, a prominent cryptocurrency. His recent post on X includes a meme featuring a gorilla with angel wings and the iconic DOGE mascot, along with the caption, “OG Doge has ascended to heaven to be with his friend Harambe.”

Musk's Influence on Memecoins

Elon Musk is a major figure in the cryptocurrency world, especially known for his support of Dogecoin and other memecoins. His tribute to Kabosu, which sparked the creation of Dogecoin in 2013 by Billy Markus and others, highlights the dog’s impact on the crypto landscape. Dogecoin has since become a significant player in the blockchain ecosystem, with a market capitalization exceeding $60.2 billion.

The Story of Harambe

Harambe, a silverback gorilla, died on May 28, 2016, after being shot by a zookeeper when a three-year-old boy fell into his enclosure. Harambe's tragic death drew widespread attention and sympathy. Interestingly, both Harambe and Kabosu died in May and lived for 17 years, creating a poignant link between the two.

Dogecoin's Bullish Response

Elon Musk’s posts about Dogecoin often lead to an increase in the cryptocurrency's value. Following his recent tribute, Dogecoin’s price rose by 3.43% to $0.1659, with hopes of reaching the $0.2 mark. Similarly, Harambe-themed cryptocurrencies, such as Harambe on Solana, saw a significant increase, with its price soaring by more than 11% to $0.06221.

Community Tributes and Market Impact

The digital currency community, including projects like Shiba Inu (SHIB) and FLOKI, also paid tribute to Kabosu, acknowledging the dog's legacy. Dogecoin’s creation exemplifies the tokenization of real-world assets on the blockchain, a trend that continues to shape the cryptocurrency market. This impact is evident in Dogecoin’s impressive market capitalization of $23.8 billion.

In conclusion, Elon Musk's tribute to Kabosu and Harambe underscores the enduring influence of these iconic figures on the cryptocurrency world. The rise in Dogecoin and other related tokens following his post highlights the power of social media and community sentiment in the crypto space.