In a heartfelt tribute, entrepreneur Elon Musk has paid homage to Kabosu, the legendary Shiba Inu dog behind the iconic Dogecoin meme, who passed away earlier today. Musk's gesture has sent ripples through the cryptocurrency market, causing a significant surge in the prices of Dogecoin (DOGE) and Shiba Inu (SHIB).

Musk's tribute features a poignant image of Harambe, the western lowland gorilla, with angel wings, embracing Kabosu amidst ethereal clouds. The centibillionaire expressed his condolences, stating that Kabosu has "ascended to heaven" to reunite with its "friend" Harambe. This touching gesture has resonated with the cryptocurrency community, leading to a notable increase in the prices of DOGE and SHIB.

DOGE's price spiked by over 4% shortly after Musk's post, before paring some gains. Meanwhile, SHIB added nearly 3% to its value, although the gains were short-lived. This reaction demonstrates the significant influence of prominent figures like Musk on the cryptocurrency market.

Kabosu, the 19-year-old Shiba Inu dog, passed away on Friday, leaving behind a legacy as the face of the Dogecoin meme. Atsuko Sato, Kabosu's owner, announced the news, stating that the beloved dog had "crossed the rainbow bridge" without suffering. Kabosu's rise to fame began in 2010 with a single photo that inspired the Doge meme, which eventually led to the creation of Dogecoin in 2013.

The meme coin gained immense popularity in 2021, thanks in part to Musk's active promotion. The legendary dog's passing has sparked an outpouring of tributes from the cryptocurrency community, with many paying homage to its enduring legacy.

Harambe, the western lowland gorilla, captured the hearts of the online community in 2016 after its tragic death. The gorilla was shot by a zoo worker after it grabbed a three-year-old boy who climbed into its enclosure. The incident sparked widespread outrage and mourning, with Harambe becoming an unlikely meme icon.

Musk's tribute to Kabosu and Harambe has brought attention to the enduring power of memes and their ability to transcend boundaries. The image of the two beloved figures together has resonated with many, serving as a poignant reminder of the impact of social media on our lives.

As the cryptocurrency market continues to evolve, it is clear that the influence of prominent figures like Musk will play a significant role in shaping its future. The tribute to Kabosu and Harambe serves as a testament to the power of community and the enduring legacy of beloved icons.