Dogwifhat Meme NFT Sold for $4 Million to GCR

Original Dogwifhat meme featuring Achi in a pink beanie got sold for 1,210 ETH ($4M) to trader GCR, igniting a short rally in WIF price.

The original Dogwifhat meme, depicting Achi the dog wearng a pink beanie hat, has been sold for 1,210 Ether ( ETH ), equivalent to approximately $4 million. A trader named GiganticRebirth (GCR) got the acquisition, which led to a short term rally in the values of Dogwifhat ( WIF ), a meme coin built on the Solana blockchain.

Dogwifhat Auction Sparks Widespread Interest
The sale occurred on Foundation, a website dedicated to crypto art and auctions, where the original piece was listed for an opening price of 0.15 ETH. The auction was marked by a heated bidding war, mostly between GCR, bidding anonymously as “PleasrDAO” and Memeland, another major player in the crypto world.



The Dogwifhat meme, deriving its charm from the image of Achi, captured global attention upon its debut, quickly evolving into a symbol celebrated across the internet. The subsequent auction and participation of GCR greatly increased WIF’s appeal.

The participation of GCR in the acquisition has an integral effect on the market performance of $WIF. Known for their insightful market analysis and successful predictions, GCR has amassed a substantial following within the crypto community.

Following the acquisition by GCR, the WIF coin witnessed a 17% surge in its price within just an hour followed by a sharp decline of 10.9%. Apparently, analysts have attributed this surge to GCR’s purchase and a recent post by Elon Musk on X, featuring images of dogs in hats, which further fueled the enthusiasm around Dogwifhat.

WIF’s market capitalization and 24-hour trading volume surged by 15.87% and 49.99% respectively to $2,805,344,838 and $1,102,407,126, respectively.