The original hat associated with the Solana memecoin DogWifCoin was auctioned with intense bidding activity. At one point, the bid reached 101 Bitcoin, equivalent to approximately $11.75 million, placed by @finnbags, founder of the Solana memecoin launchpad BagsApp. Despite earlier bids reportedly reaching as high as $2.5 million and even speculative claims of trillions of dollars, the auction concluded with @finnbags winning the hat for a final bid of $799,000. The buyer plans to update the metadata of the hat to associate it with another token, $BTH. The purchase is viewed by some as a strategic marketing move for the BagsApp platform.