Key Takeaways
Atsuko Sato, the owner of the famous Shiba Inu Kabosu, has adopted a new rescue dog named Cocoro and launched an official token on the Base blockchain.
The COCORO token is a departure from unauthorized token projects and will support Sato and her charitable causes.
Sato announced the adoption of Cocoro and authorized her community partner, “Own The Doge,” to create the official COCORO token. The token quickly reached a fully diluted valuation of $100 million within an hour of its launch, according to GeckoTerminaldata.
Please allow me to introduce our newest family member, Cocoro. The name comes from the Japanese word “kokoro,” meaning “heart.” However, I will be calling her “Koko” for short and prefer the spelling “Coco,” so her full name is “Cocoro.” [image]
Sato explained that in the past, people she didn’t know used her dogs’ images to create and launch tokens without her permission. With her new dog Cocoro, she has chosen to partner with a community she trusts to create an official token.
In the past, anonymous individuals have used my pets’ likeness to launch tokens. This time, I have given my blessing to my supportive community at Own The Doge, with whom I have worked extensively, to create an official Cocoro token. [image]
Kokoro, a black Shiba Inu, joins Neiro, another familiar dog to fans, as part of Sato’s growing family. The NEIRO meme coin, inspired by Sato’s Neiro, experienced a drop of around 14% following the adoption announcement, according to CoinGecko.
Own The Doge revealed that 5% of the tokens are locked in a liquidity pool, and the claimable fees will be divided between the DAO (Decentralized Autonomous Organization) and Atsuko Sato. Additionally, to prevent initial price manipulation, the pool was launched with a $1 million fully diluted valuation. 20% of the tokens are allocated for airdrops to existing DOG and Neiro token holders. Lastly, a 5% DAO reserve will provide funding for future development and community initiatives.
We are delighted to welcome the latest member of Atsuko’s family, Cocoro! With Atsuko’s blessing, Own The Doge is launching $Cocoro. The launch aims to defend against unofficial, extractive deployments while being fair and benefiting Atsuko’s existing supporters. [image]
However, the legitimacy of Sato’s posts is in question, especially after reports of a previous hack on her social media accounts. Sato also made a similar announcement on her website on Saturday.
“I absolutely refuse to let my images be used without permission to make money! That is my strong will. If it is so useful that it can be hacked, then I thought I would create a token with people I trust and use it to protect children and animals around the world!” as stated in Sato’s new blog post, which has been translated into English.
Kabosu, the beloved Shiba Inu who inspired the Dogecoin meme and captured the hearts of the internet, passed away last May at the age of 18 after battling leukemia and liver disease.
The crypto community mourned deeply for Kabosu, with tributes pouring in from prominent figures such as Elon Musk and Vitalik Buterin. Dogecoin itself experienced a temporary price surge as a touching tribute to the dog that inspired it.