Connect with us

Crypto

Dog behind the meme that launched Dogecoin is a shiba inu former rescue pup

Published

on

Dog behind the meme that launched Dogecoin is a shiba inu former rescue pup

In 2010, two years after adopting the shiba inu, Sato posted a picture on her blog of Kabosu crossing her paws on the sofa and giving the camera a beguiling look.

That image became the “Doge” meme – and later an NFT digital artwork that sold for US$4 million.

“She is pulling a weird face,” Sato laughs. “Now I think she looks really nice” in the famous photo but “at first I thought it could be trashed”.

Atsuko Sato and her Japanese shiba inu dog Kabosu, whose picture spawned online memes that led to the cryptocurrency Dogecoin being created, greet children at a kindergarten in Narita, east of Tokyo. Photo: AFP

The meme grew from an online forum post into an anarchic in-joke that bounced from college bedrooms to office emails.

“One of my friends messaged me: ‘Isn’t this picture Kabosu?’ Then I searched for it and found all sorts of memes, like Kabosu turning into a doughnut,” Sato says.

Advertisement

The 62-year-old is now so used to “unbelievable” events that when Tesla boss Musk changed the icon for Twitter, now X, to Kabosu’s face last year, she “wasn’t even that surprised”.

“In the last few years I’ve been able to connect the online version of Kabosu, all these unexpected things seen from a distance, with our real lives.”

Kabosu spends most days resting in a cart at the kindergarten or on a big cushion at home, where fan-made Doge tributes adorn the walls.

Kabosu in her cart sitting in front of a manhole cover featuring her image at a park in Sakura, eastern Tokyo. Photo: AFP

The memes typically use goofy broken English to reveal the inner thoughts of Kabosu and other shiba inu “doge” – usually pronounced like pizza “dough” but with a “j” at the end.

“Very love. Such star OMG. So heart. Much drawing,” says one framed print using this signature “doge speak”.

Kabosu fell ill with leukaemia and liver disease at the end of 2022, and Sato is sure the “invisible power” of prayers from fans worldwide helped her pull through.

Advertisement
Atsuko Sato with Kabosu at a statue of the dog recently installed in Sakura, eastern Tokyo. Photo: AFP

Then, in November 2023, a US$100,000 statue of Kabosu and her sofa crowdfunded by Own The Doge, a cryptocurrency organisation dedicated to the meme, was unveiled in a park in Sakura.

Sato and Own The Doge have also donated large sums to international charities, including more than US$1 million to Save the Children. The NGO says it is “the single largest cryptocurrency contribution” it has ever received.

“The Doge is the most popular dog of the modern era,” says Tridog, a pseudonymous member of Own The Doge, describing Kabosu as “the Mona Lisa of the internet”.

Tridog, a member of Own the Doge, wearing a Doge mask in Los Angeles, California. Photo: AFP

Dogecoin was started as a joke by two software engineers and is now the world’s eighth most valuable cryptocurrency, with a market cap of US$23 billion.

“The Doge meme was pretty big on the internet in 2013 and I spent a lot of time on Reddit and other forums back then,” says Dogecoin co-founder Billy Markus.

Markus, who is no longer affiliated with Dogecoin, was amused by the “silliness and innocence” of the memes.

Fellow founder Jackson Palmer “drank a beer and saw the doge meme and bitcoin in the news and thought saying he was gonna invest in Dogecoin would make a funny tweet”, he said.

Advertisement
A Dogecoin featuring the face of Kabosu. Photo: Shutterstock

Markus found the idea hilarious and created the coin in “a few hours” before contacting Palmer and taking it live.

“Lots of weird stuff happened after that,” he says.

Since then, Dogecoin has been backed by stoner hip-hop king Snoop Dogg, Shark Tank entrepreneur Mark Cuban and rock band Kiss’ bassist Gene Simmons, who once tweeted: “I bought Dogecoin … six figures.”

But its most keen supporter is probably the billionaire Musk, who jokes about the currency on X – sending its value soaring – and hails it as “the people’s cryptocurrency”.

A sticker of Kabosu on the car of her owner, Atsuko Sato. Photo: AFP

Dogecoin has also inspired a plethora of other cheap and highly volatile “meme coins”, including spin-off Shiba Inu and others based on dogs, cats or Donald Trump.

A solitary figure wearing a Doge mask looks out over the Los Angeles skyline – this is Tridog, who says he has “worked for a dog photograph for almost three years”.

Own The Doge is his full-time job, and he preaches its motto D.O.G.E, or “Do Only Good Everyday”.

Advertisement
When Kabosu dies, “the world will mourn”, Tridog says, but “a legend always lives on”. Photo: AFP

In 2021, Sato sold the viral photo of Kabosu as a non-fungible token (NFT), a digital ownership certificate that can be traded online, to a group of cryptocurrency art collectors called PleasrDAO for US$4.2 million.

That makes it “a top-five most expensive photo ever sold”, Tridog says.

PleasrDAO split the NFT’s value into a brand-new meme coin called $DOG, allowing many people to collectively “own” the meme.

Own The Doge has brought fans and other meme stars to Japan to meet Kabosu and Sato, and it recently secured the intellectual property rights to the famous photo, paving the way to make Doge toys, films and other products.

As a rescue dog, Kabosu’s real birthday is unknown, but Sato estimates her age at 18 – past the average lifespan for a shiba inu.

When Kabosu dies, “the world will mourn”, Tridog says, but “a legend always lives on”.

Advertisement

He hopes people will remember “the deeper values” behind the Doge meme: “the wholesomeness, the silliness, the not taking yourself too seriously.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Crypto

Wisconsin lawmakers crack down on cryptocurrency scams

Published

on

Wisconsin lawmakers crack down on cryptocurrency scams

MADISON, WI (WTAQ) — A new bipartisan bill is the state legislature is attempting to keep Wisconsinites safe from scammers.

Assembly Bill 968 creates consumer protections around cryptocurrency kiosks—and is aimed at stopping criminals from using crypto-kiosks to steal from victims. It was passed by the assembly last month and is now heading to the senate.

Americans lost over $330 million to scams involving crypto-kiosks in 2025.

As amended; the bill that passed the assembly would:

  • set daily transaction limits at $1,000
  • require cryptocurrency-kiosk operators to provide users with receipts
  • implement consumer-identification measures for every transaction
  • allow scam victims to receive refunds

“This also requires crypto-kiosk operators to be licensed as a money transmitter with the Department of Financial Institutions,” said bill co-author Representative Dean Kaufert (R-Neenah). “Right now there is no state statute with regards to these crypto machines, and there has to be some oversight.”

Over 700 cryptocurrency kiosks are located in convenience stores, gas stations, restaurants, and other locations throughout Wisconsin.

Advertisement

Detective Kevin Bahl with the Green Bay Police Department says although these scams don’t discriminate, scammers usually target the senior population.

“That’s because they’re the ones with more of the built up funds; that they can lose a significant of money, but we have seen a lot of younger victims too,” said Det. Bahl. “Victims are losing anywhere between a couple thousand dollars, all the way up to hundreds of thousands of dollars.”

The senate will reconvene beginning the second week of March, where Rep. Kaufert believes they will pass Senate Bill 975. Then the bill will go to the governor for approval by April 1. If approved, the law would likely go into effect around June.

Continue Reading

Crypto

HSBC Says Lasting Iran Conflict Would Boost Oil, Gold, USD and Hurt Equities

Published

on

HSBC Says Lasting Iran Conflict Would Boost Oil, Gold, USD and Hurt Equities
Rising Iran conflict risks are jolting global markets, with HSBC warning oil shocks, currency swings, and equity volatility hinge on whether supply routes and production are disrupted, shaping inflation expectations and investor risk appetite worldwide. HSBC: Long-Running Conflict Would Reshape FX, Rates, and Equity Leadership Escalating geopolitical tensions are reshaping the global market outlook. Global […]
Continue Reading

Crypto

Crypto Sector Suffers Exodus of Reliable Retail Investors | PYMNTS.com

Published

on

Crypto Sector Suffers Exodus of Reliable Retail Investors | PYMNTS.com

Retail investors are reportedly leaving the cryptocurrency sector, robbing the industry of a dependable driver.

That’s according to a report Sunday (March 1) from Bloomberg News, which says the speculative demand that once centered around crypto has shifted into stocks.

Since late 2024, retail investors have steadily shifted toward equities, a trend that sped up following the crypto crash last October, the report said, citing a new report from market-maker Wintermute which itself drew from JPMorgan Chase data.

Bloomberg characterizes the shift as striking at something key to the crypto’s market structure, which has long relied on investor mood as a key demand driver. If that demand is moving to other trades, it goes against the belief that digital assets can recover without something to draw back retail investors.

We’d love to be your preferred source for news.

Advertisement

Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

“In prior cycles, excess retail risk appetite tended to concentrate in crypto,” said Evgeny Gaevoy, CEO of Wintermute, who added that crypto is now “one of many risky-asset classes with similar volatility profile that retail can use to invest and speculate on.”

More than $19 billion in positions were wiped out in October — $7 billion of them in less than an hour — liquidating more than 1.6 million traders, the report added.

Advertisement

Advertisement: Scroll to Continue

Since then, there’s been “a near-complete pivot into equities that is still ongoing,” the Wintermute said. Bitcoin has fallen from its record high of around $126,000 down to $66,000 amid reports of American and Israeli strikes against Iran, the report added.

In other digital assets news, PYMNTS wrote last week about the significance of Morgan Stanley’s application before the Office of the Comptroller of the Currency (OCC) for a charter for a digital asset-focused national trust bank.

As that report said, a trust bank, as opposed to a traditional commercial bank, does not offer loans or deposits, but rather focuses on custody, fiduciary services and asset administration, basically acting as a highly regulated vault/legal steward. This structure, PYMNTS added, could be ideally suited to digital assets.

“The trust bank charter offers a solution,” the report added. “It allows a firm to handle digital assets under the supervision of the OCC while avoiding the capital and liquidity requirements associated with deposit-taking institutions. In regulatory terms, it is a bridge. In strategic terms, it could be an on-ramp for traditional finance to take over functions once dominated by crypto-native firms.”

Advertisement
Continue Reading
Advertisement

Trending