Trader 'Betting On The Death' Of Dogecoin Meme Dog Kabosu Nets $230,000 Profit
Portfolio Pulse from Khyathi Dalal
A trader profited $230,000 by betting on the death of Kabosu, the dog behind the Dogecoin meme. The price of the Kabosu-themed token spiked following the dog's death. Dogecoin (DOGE) saw a 2.6% daily gain, while Shiba Inu (SHIB) dropped by 0.9%.
May 24, 2024 | 5:18 pm
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NEGATIVE IMPACT
Shiba Inu (SHIB) saw a 0.9% drop following the death of Kabosu, the dog behind the Dogecoin meme.
The death of Kabosu, the dog behind the Dogecoin meme, led to a brief decline in SHIB's price, resulting in a 0.9% drop.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Dogecoin saw a 2.6% daily gain following the death of Kabosu, the dog behind the Dogecoin meme.
The death of Kabosu, the dog behind the Dogecoin meme, led to a brief spike in DOGE's price, resulting in a 2.6% daily gain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80