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The iconic image of Achi, the dog wearing a hat, known as 'dogwifhat', has been sold as a non-fungible token (NFT) for a record 1,210.759 ETH, approximately $4.3m USD. The auction, which took place on the crypto platform Foundation, saw a competitive bidding process, with the final bid made by influential trader Gigantic Rebirth Ventures (GCR). The sale marks a significant moment in the meme NFT market, with the dogwifhat meme coin's market cap seeing a substantial increase following the auction. The original photo, captured by Achi's owners on Nov. 17, 2018, has since become a viral sensation, leading to its high-profile auction.
Dogwifhat meme NFT sold for 1,210.759 ETH worth $4.3m 🤯 This sets a new record for the most expensive meme NFT ever sold. Transforming cultural icons like the Dogwifhat meme into NFTs rethinks how we archive culture in today’s digital age 🌐 https://t.co/TgW3R8LvYr
Achi, the beloved mascot of Solana's memecoin Dogwifhat, made waves in the NFT world. Selling for 1,210.759 ETH ($4.3M), this bridge between memecoins and NFTs has sparked buzz and a 30% surge in $WIF value. A historic auction on Ethereum, despite its Solana roots. https://t.co/V0zNBNkVWb
How much do you think this image is worth as a NFT? Would you believe us if we told you that it was just purchased for 1,210.759 $ETH!? That's ~$4.2 Million! The iconic image of the dogwifhat, named Achi, was auctioned off by the original creator of the memecoin. https://t.co/eIrWKL9fhl
