11/3/2022 | Benzinga

Dogecoin Community Raises Funds To Build A 'Kabosu' Statue In Japan, As Shiba Inu Dog Behind Meme Coin Turns 17

Dogecoin Community Raises Funds To Build A 'Kabosu' Statue In Japan, As Shiba Inu Dog Behind Meme Coin Turns 17

Kabosu, the Shiba Inu dog behind the cryptocurrency Dogecoin has turned 17 today, and DOGE fans want the meme dog to be remembered forever. Fans are calling on all who love ‘The Doge’ to come together to help create a bronze Kabosu statue in the dog’s hometown of Sakura, Japan.

What Happened: According to Dogecoin’s official website, the members of the community have spoken with Kabosu’s owner, Atsuko Sato, who has reached out to the Sakura city council. The city officials are planning a park renovation, “providing the perfect opportunity to put this Doge statue onto the blueprint, unveiling it in 2024,” members of Dogecoin said in a blog post.

The statue is expected cost an estimated $32,069, including podium, transportation and installation costs, according to the DOGE community members.

Price Action: DOGE is trading at 0.1312, at the time of writing, down 5.68% in the last 24 hours, as per Benzinga Pro. Bitcoin has declined by 0.76% and 1.81% in the last 24 hours, respectively.

The idea to celebrate the global impact of the Doge meme and of Dogecoin — the cryptocurrency it inspired — has come up several times in the past. This time, beginning Nov. 2 — Kabosu’s birthday — until Dec. 6 — the day Dogecoin was born — the members will be collecting donations to create and erect a bronze statue of Kabosu.