(Dogwifhat)
The original picture of Achi, the dog wearing a pink beanie hat, was sold for 1,210 ETH in an auction on the crypto platform Foundation, with influential trader GCR winning the bid.
GCR, known for market insights and accurate predictions, has gained fame in the crypto community. Their involvement in the auction led to a 10% jump in WIF prices.
The original picture that inspired Solanaâs runaway hit meme coin Dogwifhat (WIF) has apparently been purchased for $4 million worth of ether (ETH) by influential trader GiganticRebirth, known as GCR in crypto circles.
A picture of Achi, the dog wearing a pink beanie hat, was listed on crypto auction platform Foundation for an initial price of 0.15 ETH. âThe photo of Achi wearing a small hat instantly took the internet by storm, and now it has captured the hearts of people around the globe as a meme called $wif,â the description read.
The auction quickly became a bidding battle between GCR,under the âPleasrDAOâalias, and Memeland, a crypto project. GCR won with an offer of 1,210 ETH after nearly an hour of bidding.
Crypto investor @cryptopathic said on X that his teaminitially set upthe auction and confirmed in a follow-up tweet that GCR submitted the winning bid.
Sold for 1,210 ETH ($4.3m) to GCRpic.twitter.com/ptKPc4cON3
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