Controversy erupted in the crypto world after Ethereum co-founder Vitalik Buterin revealed on the Warpcast platform that he and his family do not have a dog.
“I don't have a dog of my own, nor do my family, only cats,” said Buterin, denying the popular belief that he has a pet dog named 'Misha'.
Following Buterin’s statement, the value of the memecoin MISHA, rumored to have been named after Buterin’s alleged dog, fell by more than 50%. The token, which has attracted attention among memecoin enthusiasts, is currently trading at $0.0000158.
Recently, there has been an increase in the number of memecoins that claim to be named after dogs of famous people. If these memecoins really have the same name as the dogs of the famous people in question, their prices increase with various explanations.
One of the best examples of this is Elon Musk and his dog Floki. Floki Inu (FLOKI), which is not actually a new altcoin, was inspired by Elon Musk’s dog and is the fifth largest memecoin in the world at the time of writing.
*This is not investment advice.