Kabosu, The Shiba Inu Dog Behind DOGE and SHIB Passes Away

In December 2022, Kabosu’s owner took to Instagram and announced that his canine friend was suffering from acute cholangiohepatitis and chronic lymphoma leukemia, a form of cancer.

While Kabosu did seem to recover over the days after his diagnosis, it is possible that his old age did not allow for a better recovery.

Also Read: Shiba Inu: How High Can SHIB Go if Ethereum ETF is Approved?

Kabosu’s iconic picture, which became a meme online, is the inspiration for many crypto projects. Dogecoin (DOGE) and Shiba Inu (SHIB) are among the most popular dog-themed cryptocurrencies. Others include Floki (FLOKI), dogwifhat (WIF), Bonk (BONK), etc.

Although this is a sad moment for a lot of people, one thing is for sure, Kabosu’s memory will live on for a long time, if not forever. He is one of the most iconic dogs in recent history, and his image has solidified in the cryptocurrency realm.

Will Shiba Inu and Dogecoin prices suffer because of Kabosu’s passing?

The cryptocurrency market has entered another slump today, but it is unlikely because of Kabosu’s passing. The market rally from a few days ago was due to speculation around the spot Ethereum (ETH) ETF (Exchange Traded Fund). However, the US SEC (Securities and Exchange Commission) has not yet approved a spot ETH ETF. The latest dip could be a correction as a result.

Also Read: Shiba Inu (SHIB) Forecasted to Hit $0.07: Here’s When

Shiba Inu’s (SHIB) price has fallen 6.6% in the daily charts, 3.5% in the weekly charts, and 12.3% over the previous month.

Dogecoin (DOGE), on the other hand, has fallen 5.7% in the daily charts but is up 3.3% over the previous week.