Dogecoin (DOGE) jumped 5% on Friday following a Tweeter by Twitter owner (aka X) and long-time Dogecoin champion Elon Musk. The tweet pays tribute to the late Kabosuthe Shiba Inu behind the beloved Doge meme, who died Friday.
The tweeted image also included Harambe, the lowland gorilla who was tragically killed in 2016 and became an icon.
Dogecoin is currently trading at $0.16, according to CoinGecko. DOGE started the day at $0.15 before rising to $0.17 following the news of Kabosu's death and Musk's tweet.
Kabosu, who died on Friday at the age of 19, inspired countless memes and coins, including Dogecoin (DOGE), Shibu Inu (SHIB), dogwifhat (WIF), and Bonk (BONK). Harambe also inspired memes and an online movement after his death at a Cincinnati zoo.
Launched in December 2013, Dogecoin remains the number one coin with a market capitalization of $24.3 billion. In March, the price of Dogecoin soared when Musk suggested that You're here can allow customers to buy its electric cars with the same part. There is a very long history of Musk tweets and appearances influence the price of the part.
Earlier this month, riding the GameStop frenzy and even coin following the return of Roaring kitten to social networks, Dogecoin jumped 7% in value on May 15.
Yet even with the recent gains, Dogecoin is down 77% from its all-time high price of $0.73 that the original meme coin reached in May 2021.
While Musk is the most prominent person on Twitter showing respect to Kabosu, others are keeping the memory of the beloved pup alive and seemingly helping to keep the price of Dogecoin in the green all this time.