Pink Hat Belonging to Dogwifhat Up for Bid at Auction for First Time in History
The world of memes and cryptocurrencies collide as the original pink hat worn by Achi, the Shiba Inu behind the viral "Dogwifhat" meme, goes under the hammer in a Bitcoin Ordinals auction on Ord City.
Achi, a beloved internet sensation born in September 2018, quickly captured hearts worldwide with his charming antics. The now-famous photo of Achi with his parents, taken on November 17, 2018, helped spawn the viral meme and, later, the multibillion-dollar meme coin, $WIF.
The bidding was fierce, with the current top bid coming from Finn, the founder of the Bags memecoin launchpad, at an impressive 6.8 BTC. This equates to approximately $791,000 to $794,000 USD, depending on the source. The auction marked the first and only time the original handcrafted wool hat was officially sold, and it comes with provenance verified by blockchain inscription, alongside photos and videos from Achi’s owners.
Finn has expressed intentions to eventually return or incorporate the hat into the meme coin community ecosystem. The hat's cultural significance lies in its role as an iconic meme artifact linked to the $WIF meme coin. This event underscores the growing trend of physical meme artifacts gaining high financial and cultural value through verified blockchain auctions.
The daily volume of $WIF is approximately $223 million, according to CoinMarketCap, reflecting the coin's enduring popularity. The meme's digital provenance is now anchored in history, with its NFT image previously selling for over 1,200 ETH (~$4.3M) in a 2024 sale backed by the DAO known as the Bureau of Internet Culture.
In summary: - The original pink hat worn by Achi, the Shiba Inu behind the "Dogwifhat" meme, was auctioned on Bitcoin Ordinals platform Ord City. - The meme was part of the journey to the birth of the $WIF cryptocurrency, which had a market cap of billions of dollars at one instance. - The photo of Achi and his parents with the hat was inscribed on the Bitcoin blockchain using Ordinals technology for digital provenance. - The sale of the hat includes high-resolution photos, a verification note, and a video from Achi's owners detailing the hat's origins. - The sale of the hat marks the first and only time the original handcrafted wool hat was officially sold, and it comes with provenance verified by blockchain inscription, alongside photos and videos from Achi’s owners. - The current top bidder for the hat is Finn, the founder of the Bags memecoin launchpad, who won the auction with a bid of 6.8 BTC. - Finn has expressed intentions to eventually return or incorporate the hat into the meme coin community ecosystem. - This event underscores the growing trend of physical meme artifacts gaining high financial and cultural value through verified blockchain auctions.
[1] Ord City Auction Announcement [2] 2024 NFT Sale of "Dogwifhat" Memes [3] Verified Blockchain Provenance of the Hat [4] Market Cap of $WIF Cryptocurrency [5] Finn's Intentions for the Hat
[1] Finn, founder of Bags memecoin launchpad, won the Ord City Auction for the original pink hat worn by the Shiba Inu Achi, famous for the "Dogwifhat" meme, with a bid of 6.8 BTC.
[2] The digital provenance of the "Dogwifhat" meme's iconic image was anchored in history when it was sold as an NFT for over 1,200 ETH ($4.3M) in a 2024 sale backed by the Bureau of Internet Culture.
[3] The handcrafted wool hat from Achi comes with provenance verified by blockchain inscription, alongside high-resolution photos and a video from Achi’s owners detailing its origins.
[4] The $WIF cryptocurrency, born from Achi's meme, enjoyed a multibillion-dollar market cap at one instance, with a daily volume of approximately $223 million, according to CoinMarketCap.
[5] Finn has expressed intentions to eventually return or incorporate the hat into the meme coin community ecosystem, underscoring the growing trend of physical meme artifacts gaining high financial and cultural value through verified blockchain auctions.
