The picture inspiration for Solana’s viral memecoin Dogwifhat was purchased as an NFT by the identical dealer who received a $10 million wager towards Terraform founder Do Kwon.
An NFT image of the notorious Dogwifhat (WIF) canine bought for 1,210 Ether (ETH) price $4.3 million after a three-day public sale dash on the digital collectible market Foundation. The picture noticed Achi, a canine in a hat that impressed the favored Solana-based memecoin that peaked at a greater than $3 billion market cap this month.
Famend cryptocurrency dealer Gigantic Rebirth Ventures, generally generally known as GCR, made the acquisition. GCR is known for making a $10 million wager with former Terraform Labs CEO Do Kwon over Luna’s future decline.
The dealer received the wager whereas Terra’s token collapsed in a $60 billion implosion, and Kwon is presently battling extradition from a Balkan jail cell.
Dogwifhat memecoin ascent
Achi’s NFT auction occurred after its supposed proprietor introduced the transfer in collaboration with Fiesty DAO. The submit was shared on Instagram and claimed the picture that includes Achi in a home made pink hat was shot in 2018.
Dogwifhat debuted late final 12 months throughout a Solana memecoin frenzy, resurging curiosity in on-chain belongings. On March 18, the memecoin ranked 48 amongst all cryptocurrencies and even briefly upstaged Pepe (PEPE) in market cap.
In accordance with CoinGecko, WIF elevated 13% in 24 hours and at a value round $2.80. The NFT public sale closed shortly after neighborhood members raised over $650,000 in crypto to showcase the Dogwifhat meme on the Las Vegas sphere.
