Iconic Dogwifhat NFT Fetches $4.3 Million, Fueling Solana's Memecoin Mania

Iconic Dogwifhat NFT Fetches $4.3 Million, Fueling Solana's Memecoin Mania



The sensational Dogwifhat memecoin, inspired by a photograph that has taken the Solana network by storm, was acquired as an NFT by a prominent trader known for securing a $10 million victory in a wager against Terraform Labs' Do Kwon. This particular NFT, capturing the iconic Dogwifhat (WIF) dog named Achi adorned in a hat, fetched 1,210 Ether (ETH), equivalent to $4.3 million, in a competitive auction over three days on the Foundation digital collectible platform. Achi, the hat-wearing dog, became the muse behind the wildly successful Solana memecoin, which astonishingly reached over a $3 billion market valuation this month.



The notable acquisition was made by the well-regarded crypto trading entity, Gigantic Rebirth Ventures, also referred to as GCR. GCR is notably recognized for placing a bold $10 million bet with Terraform Labs'


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