Dogecoin community to unveil ‘Doge’ statue in Japan

brown and white round beaded necklace – Dogecoin contrasted with fiat currency on top of white pearls. – unsplash

The Dogecoin community is installing a statue in honor of Kabosu, the Shiba Inu dog who inspired the iconic Doge meme. The statue is funded through a campaign called Bronze the Doge, which aims to provide a “Doge Mecca,” a physical location where all fans of Kabosu can pay tribute for all generations to come.

Kabosu fans last year launched a month-long crowdfunding campaign to create a bronze statue for her 17th birthday. Starting in November 2022, the Doge community raised $32,000 in only 12 hours and reached its initial goal of $42,069 in 72 hours.

However, FTX’s bankruptcy and the ensuing crypto market crash put the project on hold as the value of the cryptocurrencies raised fell below the fundraising goal.

A year later, the statue is ready for unveiling on Kabosu’s 18th birthday on November 2. The dog’s bronze sculpture will be erected in Sakura Furusato Square, where Kabosu’s owners take her for walks.

The project is a collaboration between many parties, including Own The Doge, the NFT community that collectively owns the original Doge meme NFT; PleasrDAO, the DAO associated with Own The Doge; and the Dogecoin Foundation, a non-profit organization that supports the cryptocurrency. The organizers are cooperating with the Sakura government to install the statue.

“This is surely one of the most important and impactful things the Doge community has ever created,” Tridog of PleasrDAO said.

“The statue will provide an IRL location for those inspired by the Doge to pilgrimage and gather, forever solidifying the incredibly positive impact one woman, one dog, one photo, one meme, can have on the world.”

To commemorate the revealing of the sculpture, the collective is organizing interactive activities, where participants can meet Kabosu owner Atsuko Sato and receive gifts and perks based on their NFT holdings. The campaign will run from November 2, Kabosu’s birthday, to December 6, Dogecoin’s ninth anniversary.

“It’s quite a thrill to see this long-held dream of the Doge community finally being realized,” Dogecoin Foundation board member Gary Lachance said. “Kabosu has inspired so much laughter and goodwill. It is a great honor to serve her and help to enshrine the legacy of the most beloved and impactful meme in all human history!”

In addition to the statue project, the Doge community is also working on a feature-length film called “Doge Documentary,” which will chronicle Kabosu’s life and the cultural impact of the Doge meme.

What’s in store for Doge

Dogecoin has been a top 10 cryptocurrency by market value since its creation in 2013. Supported by SpaceX CEO Elon Musk, who adopted it as his favorite cryptocurrency, DOGE’s day-to-day worth is considerably impacted by the billionaire’s social media presence.

Although it experienced a dip in mid-September, it held above the key support level. The coin price broke out of the descent and is now heading towards a key resistance level of $0.06459.

If the bulls maintain momentum and Doge’s price surpasses this resistance, it could rally with an upper resistance of $0.06706. Coinpedia predicts that the coin may target $0.06931 in the coming weeks if it holds its value.