DOGE, SHIB Price Spike After Elon Musk Tweet’s About Mascot Dog Kabosu’s Passing

DOGE surged as much as 5% to a session high of 17.3 cents within minutes after the post, while SHIB jumped nearly 3% during the same period. However, the advances proved to be short-lived as both cryptos pared gains. Still, DOGE was up 6% and SHIB gained 1% over the past 24 hours, outperforming the mostly flat broad-market CoinDesk 20 Index .