• 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.

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• 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 Solana’s 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. “The 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,” the description read.

The auction quickly became a bidding battle between GCR,under the “PleasrDAO”alias, 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.