Dogwifhat ($WIF) Meme Coin
The meme coin Dogwifhat ($WIF) originates from a viral image of a Shiba Inu named Achi wearing a pink knitted hat. Due to its humorous and adorable style, it spread widely on social media, reaching a market capitalization of billions of dollars. Recently, Achi’s family auctioned off this iconic hat, attracting the attention of FINN, the founder of the Solana asset issuance platform Bags, who issued a token and promised to purchase it, driving the token’s market value up to $4.24 million. However, a Chinese KOL bid 100 BTC (approximately $11.65 million, equivalent to 347 million TWD), raising questions about the hat’s value that attracted such high bids.
Prototype Knitted Hat Auctioned in BTC
The prototype knitted hat for Dogwifhat is based on a picture of the Shiba Inu Achi wearing a pink knitted hat. This image became widely known for its absurdly cute pictorial style, including spelling errors like “dog wif hat.” The image began circulating on social media platforms like Reddit and Twitter around the end of 2020, with WIF’s market value reaching billions of dollars at its peak.
Recently, Achi’s family auctioned the hat that Achi wore at that time on a website. The winning bidder would not only receive the hat itself but also obtain previously unpublished photos of Achi, as well as a photo of Achi standing next to the hat, accompanied by a handwritten and dated verification note for authenticity.
