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<ul class="summary-list"><li><a target="_blank" href="https://www.businessinsider.com/trump-won-election-what-that-means-for-elon-musk-2024-11">Elon Musk</a> will officially lead the Department of Government Efficiency, with Vivek Ramaswamy.</li><li>Its acronym, "DOGE," also references a meme that inspired a cryptocurrency, Dogecoin.</li></ul>Elon Musk seemingly can't get enough of "Doge," a popular internet meme from the 2010s.The four-letter word is also the acronym for the <a target="_blank" class="" href="https://www.businessinsider.com/trump-elon-musk-vivek-ramaswamy-department-government-efficiency-doge-2024-11">Department of Government Efficiency,</a> a new Trump initiative focused on cutting government costs that will be led by Musk and Vivek Ramaswamy.However, Musk has talked about the "Doge" meme long before pitching Trump on the government council.So what's the meme all about?<h2 id="2a58c048-a80c-492f-8895-32c9f1092118">Here's the 1-minute version:</h2><ul><li>Doge originated in 2010 when Japanese teacher Atsuko Sato posted a photo of Kabosu, a Shiba Inu dog to her blog.</li><li>The picture showed the Shiba Inu on a couch with a tilted head and a puzzled expression.</li><li>The first use of the image as a meme isn't clear, but Reddit helped popularize it and it quickly became an internet sensation, with remakes of the photo shared with humorous Comic Sans text floating around the dog's head.</li><li>The meme later inspired the cryptocurrency <a target="_blank" class="" href="https://www.businessinsider.com/what-is-dogecoin-2013-12">Dogecoin,</a> which began in 2013 as a mere joke by two software engineers, Billy Markus and Jackson Palmer. Dogecoin was built from the open-source software project Litecoin.</li><li>The cryptocurrency, which <a target="_blank" class="" href="https://dogecoin.com/">carries the slogan</a> "the people's cryptocurrency," became popular on Reddit and quickly grew to a market value of $8 million following its inception. Dogecoin's price peaked in May 2021 at $0.72 amid the<a target="_blank" rel="" href="https://www.businessinsider.com/robinhood-employees-messages-during-meme-stock-trading-frenzy-2022-6"> meme stock trading frenzy</a> and Musk's endorsement of the cryptocurrency.</li></ul><div type="image" title="An image of a doge meme" height="998" width="994" msid="115269648" hostid="261" sizebytes="29224"></div>Musk once attributed his interest in the Doge meme to the fact that it has dogs and "the best humor."The Tesla CEO has continued to post about Doge and Dogecoin over the years. SpaceX named a small satellite designed to explore the moon "DOGE-1" and people have been able to buy Tesla and SpaceX merch using Dogecoin.<a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/dogecoin-price-market-value-ford-crypto-boom-trump-elon-musk-2024-11">Dogecoin's price recently soared 157%</a> following Trump's reelection, reaching a $53 billion market cap as the broader crypto market and Bitcoin rose on the anticipation of looser regulation from Trump's administration.

The 'Doge' dog meme that Elon Musk loves, explained in 1 minute

<ul class="summary-list"><li>Kabosu, the Shiba Inu who became the face of Dogecoin, has died at the age of 18.</li><li>Her quizzical expression went viral in 2010 and was later used as the cryptocurrency mascot. </li></ul>A diminutive Japanese dog who became the face of Dogecoin has died.Kabosu, who inspired the viral Doge meme and became the face of the satirical cryptocurrency championed by <a target="_blank" href="https://www.businessinsider.com/elon-musk">Elon Musk</a>, passed away on Friday at the age of 18, her owner said.The Shiba Inu had been <a target="_blank" href="https://www.businessinsider.com/doge-meme-shiba-inu-ill-cancer-liver-disease-owner-says-2022-12">seriously ill with liver disease and leukemia</a> since 2022."To all of you who loved Kabosu — on the morning of the 24th of May, Kabosu crossed the rainbow bridge," Kabosu's owner, Atsuko Sato, wrote <a target="_blank" href="https://www.instagram.com/p/C7V8AGvJPm9/">on Instagram</a>."She went very peacefully without suffering, as if falling asleep while feeling the warmth of my hands petting her." "Thank you all so much for loving Kabosu all these years. I am certain that Kabosu was the happiest dog in the world."Kabosu was adopted by Sato, who works as a teacher in Japan, in 2008 after <a target="_blank" href="https://www.theverge.com/2013/12/31/5248762/doge-meme-rescue-dog-wow">she was abandoned by a puppy mill</a>.The puppy, who is named after a type of Japanese citrus fruit, shot to internet fame as a popular meme in 2010, before Billy Markus and Jackson Palmer decided to use her famously quizzical expression for their <a target="_blank" href="https://www.businessinsider.com/what-is-dogecoin-2013-12">satirical cryptocurrency Dogecoin</a>.Despite starting out as a joke, Dogecoin saw a stratospheric rise in value during the crypto boom of the early 2020s, becoming one of the <a target="_blank" href="https://markets.businessinsider.com/currencies/news/dogecoin-price-surges-tweets-from-elon-musk-snoop-dogg-cryptocurrency-2021-2-1030055654?_gl=1*1ajp0w8*_ga*MjAzNzE0MzUzNi4xNzEzNzc4Nzc2*_ga_E21CV80ZCZ*MTcxNjUzNjQwMC4xMzMuMS4xNzE2NTQwMzkxLjM1LjAuMA..">top 10 digital coins by market value in 2021</a>. The Shiba Inu-themed digital currency attracted some famous fans, <a target="_blank" href="https://www.businessinsider.com/history-elon-musk-love-affair-dogecoin-2022-7#elon-musks-twitter-changed-the-logo-on-its-homepage-to-an-image-of-a-shiba-inu-on-monday-1">including Elon Musk</a>. The billionaire joked about Dogecoin on "SNL" and even briefly changed the Twitter home button <a target="_blank" href="https://www.bloomberg.com/news/articles/2023-04-03/dogecoin-rises-30-after-twitter-home-button-becomes-doge-meme?cmpid=BBD040423_TECH&amp;utm_medium=email&amp;utm_source=newsletter&amp;utm_term=230404&amp;utm_campaign=tech&amp;sref=LspfQlRv">to an image of Kabosu</a> after buying the site in 2022.

RIP Kabosu, the celebrity canine who became the face of Dogecoin

<ul class="summary-list"><li>The internet-famous dog who inspired the "doge" memes is seriously ill, its owner said.</li><li>Atsuko Sato said Tuesday that her Shiba Inu, Kabosu, was diagnosed with liver disease and leukemia.</li></ul>Kabosu, the internet-famous Shiba Inu who inspired the "doge" memes, is seriously ill with liver disease and leukemia, her owner said on Tuesday. The dog's owner, Atsuko Sato, a teacher in Sakura, Japan, <a href="https://www.instagram.com/p/CmrZUSYocJz/" target="_blank" rel="noopener">gave an update on Instagram on December 27</a>.She said that Kabosu had been diagnosed with acute cholangiohepatitis, a liver condition, as well as chronic lymphoma leukemia, a type of blood cancer."Right now, the liver level is very bad and jaundice appears," Sato wrote in one post. "But antibiotics will definitely improve."Sato said that Kabosu stopped "eating and drinking voluntarily" on Christmas Eve.Cholangiohepatitis is a condition marked <a href="https://www.vet.cornell.edu/departments-centers-and-institutes/cornell-feline-health-center/health-information/feline-health-topics/cholangiohepatitis">by inflammation of both the liver and the bile system</a>. Lymphoma leukemia is <a href="https://ctvrc.ca/canine-leukemia/">the most common form of blood cancer reported in dogs. </a>Kabosu became internet famous when a picture of her posing with folded paws and a quizzical expression went viral on Reddit, Tumblr, and 4Chan in 2010.Billy Markus and Jackson Palmer, the founders of Dogecoin — a cryptocurrency that was a tongue-in-cheek response to Bitcoin — eventually used Kabosu as their mascot. Despite being created as a joke, Dogecoin remains popular within the crypto world nearly 10 years after it was created. Last month, the meme-inspired cryptocurrency <a href="https://markets.businessinsider.com/news/currencies/dogecoin-price-doge-10-billion-since-elon-musk-purchased-twitter-2022-11">surged in value</a> after Twitter CEO Elon Musk <a href="https://twitter.com/elonmusk/status/1587297730631696384" rel=" nofollow">tweeted an image</a> of a Shiba Inu dog wearing a Twitter T-shirt, adding a winking-face emoji. It is unclear whether the Shiba Inu was Kabosu.Shiba Inu dogs have an average life expectancy of between 12 to 15 years. <a href="https://www.instagram.com/p/Cj0UBufJ4hh/">According to an Instagram post</a>, Kabosu celebrated her 17th birthday in October.

The internet-famous Shiba Inu who inspired 'doge' memes, and a joke cryptocurrency, is seriously ill with cancer

<ul class="summary-list"><li>The "<keyword id="1990795" type="PERSON" weightage="60" keywordseo="doge">Doge</keyword>" meme, which emerged online in 2013, sold as a nonfungible token (<keyword id="4668945" type="PERSON" weightage="60" keywordseo="nft">NFT</keyword>) on Friday.</li><li>The $4 million sale marks the highest bid for an NFT meme thus far. </li><li>"Doge" joins the ranks of other viral videos and <keyword id="1605152" type="PERSON" weightage="60" keywordseo="Memes">memes</keyword> to earn their creators money via NFT sales.</li></ul>The iconic "Doge" meme smashed the record for the most expensive meme nonfungible token (NFT), selling at <keyword id="1639" type="ORGANIZATION" weightage="60" keywordseo="Auction">auction</keyword> on Friday for more than $4 million.The sale of the famed image of an excited Shiba Inu was <a href="https://www.nbcnews.com/pop-culture/pop-culture-news/iconic-doge-meme-nft-breaks-records-selling-roughly-4-million-n1270161">first reported by NBC News.</a> Friday's sale made "Doge" the highest-earning NFT meme of all time, NBC <keyword id="6355005" type="UNKNOWN" weightage="60" keywordseo="news">News</keyword> reported. The meme was put up for <a href="https://zora.co/0x337071a7e907f5a599747a2c9baf6efdf7eb4bcc/3366">auction on Tuesday on the auction site Zora</a>, and the winner, @pleasrdao, was named on Friday with a bid of 1,696.9 Ethereum cryptocurrency, which is worth about $4 million.The meme was sold by Atsuko Sato, the owner of the eponymous "Doge.""Doge" emerged online in 2013 as a meme using overlaid Comic Sans text to describe the dog's fictional inner monologue. It quickly became one of the internet's most ubiquitous images, with others sharing the meme with their own spins on the dog's internal monologue.Text used over the "Doge" meme typically <a href="https://the-toast.net/2014/02/06/linguist-explains-grammar-doge-wow/">uses an improper modification structure,</a> crafting phrases like "much hungry" or "very NFT."After the meme became popular in 2013, two software engineers created a cryptocurrency called Dogecoin as a joke in the meme's honor. But, <a href="https://www.barrons.com/articles/dogecoin-started-as-a-joke-now-its-too-important-to-laugh-off-51620229273">as Barron's reported in May</a> of this year, the crypto is "too important to laugh off." "Doge" joins the ranks of several other memes and viral videos whose creators have cashed in on fame through NFT sales.In April, the <a href="https://www.insider.com/disaster-girl-made-half-million-selling-her-meme-as-nft-2021-4">"Disaster Girl" meme</a>, a 2005 photo that became one of the most famous memes on the early internet, was sold as an NFT for nearly half a million dollars. <a href="https://www.businessinsider.com/ethereum-nft-meme-art-nyan-cat-sells-for-300-eth-2021-2">The Nyan cat gif was sold as an NFT</a> for close to $600,000 in February. Other viral images like <a href="https://www.businessinsider.com/bad-luck-brian-meme-nft-crypto-art-blockchain-ethereum-foundation-2021-3">"Bad Luck Brian"</a> have sold for tens of thousands of dollars. NFT sales are helping some online creators finally earn additional money off of their famous content. The creator of the "David After Dentist" YouTube video from 2009, which depicts a boy experiencing the side effects of medication after a dental procedure, <a href="https://www.businessinsider.com/nft-david-after-dentist-viral-youtube-video-sold-2021-5">told Insider he would use the money</a> from that video's NFT sale to help finish paying off his two sons' college tuitions. Chris Crocker, an entertainer whose famous 2007 "Leave Britney Alone" video sold for over $41,000 in April to an anonymous buyer, <a href="https://www.businessinsider.com/chris-crocker-leave-britney-alone-video-youtube-nft-free-britney-2021-4">told Insider in a previous interview</a> that the video, which defined his online persona, made him no money at all. "I didn't really get anything from [the video] other than to be put in a box for the next 14 years," Crocker told Insider.

Famed 'Doge' meme NFT sells for record-breaking $4 million at auction

Indian <keyword id="6357017" type="DEFINITION" weightage="20" keywordseo="cryptocurrency">cryptocurrency</keyword> exchange <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" data-type="tilCustomLink">WazirX</a> is among the first to list <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">SHIB</a> (<keyword id="4521522" type="PERSON" weightage="20" keywordseo="shiba-inu">Shiba Inu</keyword>) token trading in Indian rupees. <keyword id="5372931" type="PERSON" weightage="20" keywordseo="Shib">SHIB</keyword> is a decentralised spontaneous community-building experiment developed within the ecosystem. SHIB, also known as Shiba Token, is a decentralised cryptocurrency created by an anonymous person known as "Ryoshi" in August 2020. It launched less than a year ago and is named after the famous Japanese dog breed Shiba Inu. The meme "Doge" was created around a photo of a dog called Kabosu, who lives in Japan with Atsuko Sato. The meme now plays a critical role behind the inspiration of SHIB and <keyword id="1985091" type="PERSON" weightage="20" keywordseo="dogecoin">Dogecoin</keyword>. <a href="https://shibatoken.com/">ShibaSwap</a> is the project's own decentralised exchange cryptocurrency, where you can trade other cryptos for SHIB, or vice-versa. It’s yet to launch, so the only option left is third-parties like <keyword id="6359140" type="ORGANIZATION" weightage="20" keywordseo="binance">Binance</keyword> and Kucoin. A single SHIB coin is nearly worthless -- less than ₹0.0012 as of May 18, 10:00 a.m. But its trading has grown massively in the last few weeks as it got listed on more exchanges. The volatility came in after Tesla founder Elon Musk had <a href="https://twitter.com/elonmusk/status/1390550521077977089">tweeted</a> he would like to own a Shiba pup. It excited the <keyword id="2721952" type="PERSON" weightage="20" keywordseo="crypto">crypto</keyword> market, and the prices rose by 300 percent. SHIB is often said to be a satirical rip-off of Dogecoin. SHIB again made headlines when Vitalik Buterin, the founder of cryptocurrency ETH (<a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">Ethererum</a>), said he'd donate close to $1 billion (Rs 7,310 crore) to fund India's fight against a second Covid wave. India's Covid Crypto Relief Fund received 500 ETH and 50 trillion SHIB. Buterin holds 50% of the total coins, giving him extraordinary power over the currency's future. SHIB token is often touted to be a Dogecoin killer, as both of them are considered meme currencies that took off due to Musk. They lack fundamentals at the moment, and there are few options of directly spending it. Musk's recent <a href="https://www.businessinsider.in/cryptocurrency/news/elon-musk-realised-that-he-cant-champion-both-renewable-energy-and-bitcoin-at-the-same-time/articleshow/82603087.cms">pessimism</a> about <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" data-type="tilCustomLink">Bitcoin</a> has further fuelled the Dogecoin rally, but many enthusiasts believe a ripple effect will push SHIB also into the mainstream arena. Dogecoin is built using the same technology as Bitcoin, while SHIB is based on Ethereum. It's a fungible token, and since its value is microscopic, you can hold billions or even trillions of them. Unfortunately, it has had close to zero takers since its launch in August 2020, and its peak worth was ₹0.0029 on May 11, 3:30 a.m. Since then, the token has lost almost 40% of its value in the last week, and organic growth seems unlikely. Binance does warn that SHIB is a more volatile coin than many and cautions anyone interested in getting involved that they may see significant changes in the coin's value. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/after-ditching-bitcoin-elon-musk-is-now-working-on-making-dogecoin-efficient/articleshow/82628521.cms">After ditching Bitcoin, Elon Musk is now working on making Dogecoin efficient</a> <a href="https://www.businessinsider.in/cryptocurrency/news/four-reasons-why-cryptocurrency-ethereum-has-been-on-a-bull-run/articleshow/82606761.cms">Four reasons why cryptocurrency Ethereum has been on a bull run</a>

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The 'Doge' dog meme that Elon Musk loves, explained in 1 minute

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RIP Kabosu, the celebrity canine who became the face of Dogecoin

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The internet-famous Shiba Inu who inspired 'doge' memes, and a joke cryptocurrency, is seriously ill with cancer

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Famed 'Doge' meme NFT sells for record-breaking $4 million at auction

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WazirX has listed Shiba Inu — here's everything you need to know about the said Dogecoin killer

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