The NFT representing the iconic Dogwifhat meme, which inspired the popular Solana-based cryptocurrency, was purchased for 1,210 Ether (ETH) equivalent to $4.3 million. This purchase was made by the same trader who previously won a $10 million bet against Terraform founder Do Kwon. The photo features Achi, a dog wearing a hat, and gained fame as the symbol behind the viral Dogwifhat (WIF) meme coin, which achieved a market cap of over $3 billion. The renowned cryptocurrency trader Gigantic Rebirth Ventures (GCR) acquired the NFT after a three-day auction on the Foundation platform. Dogwifhat’s journey began during the Solana memecoin craze last year and has since risen to prominence, briefly surpassing Pepe (PEPE) in market capitalization. Despite its recent surge, the NFT auction closed following a successful community fundraiser aimed at displaying the Dogwifhat meme on the Las Vegas sphere.
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