DOGE, SHIB prices soar after Elon Musk tweets about death of mascot dog Kabosu

DOGE surged as much as 5% to a session high of 17.3 cents within minutes of posting, while SHIB surged nearly 3% during the same period. However, this progress appears to be short-lived, with both cryptocurrencies seeing dwindling profits. Nonetheless, DOGE is up 6% and SHIB is up 1% over the past 24 hours, outperforming the broader market’s CoinDesk 20 index, which was mostly flat.