A pink knit cap associated with the dogwifhat WIF $0.97 24h volatility: 4.9% Market cap: $971.28 M Vol. 24h: $296.21 M meme coin was sold in an online auction hosted by OrdCity on August 7, with a winning bid of 6.8 Bitcoin BTC $116 461 24h volatility: 0.8% Market cap: $2.32 T Vol. 24h: $36.08 B worth nearly $795,600 at the time.

The hat, considered a valuable piece of cryptocurrency memorabilia by some, was purchased by “Finn,” founder of the BAGS trading platform, after a 5-hour bidding period. Its authenticity was confirmed by the account for Achi, the dog whose viral photograph inspired the WIF coin, and OrdCity on X.

A dog wearing a pink knit cap | source: @ordcity on X

After the auction closed, Achi’s handlers posted a message congratulating Finn on the win. The hat, they wrote, “has been a lucky charm” and “a piece of internet culture that has traveled across chains, timelines, and communities.”

Both WIF and Shiba Inu SHIB $0.000013 24h volatility: 4.6% Market cap: $7.79 B Vol. 24h: $331.92 M — another dog-inspired meme coin not directly related to WIF — rose as much as 5% in the hours after the auction and remain up around 2% as of this article’s publication. Trading volume also increased for both coins during the same period, with SHIB up 39% and WIF up 23%.

24-hour trading activity for Shiba Inu | Source: TradingView.

24-hour trading activity for Dogwifhat | source: TradingView.

SHIB and WIF have a history of demonstrating positive market movement after viral moments. As Coinspeaker reported in 2024, a shoutout on X from tech billionaire Elon Musk sent the price of WIF up more than 2%.

Meanwhile, SHIB is currently in the midst of a rebound after a rocky 30-day period. The auction bump accompanies a skyrocketing token burn rate that contributed another 2% gain as SHIB remains on the road to recovery. As of this article’s publication, SHIB is down about 6% over the previous week.

The post Pink Shiba Inu Hat Associated With Dogwifhat Sells For $799K at Auction appeared first on Coinspeaker.

A pink knit cap associated with the dogwifhat WIF $0.97 24h volatility: 4.9% Market cap: $971.28 M Vol. 24h: $296.21 M meme coin was sold in an online auction hosted by OrdCity on August 7, with a winning bid of 6.8 Bitcoin BTC $116 461 24h volatility: 0.8% Market cap: $2.32 T Vol. 24h: $36.08 B worth nearly $795,600 at the time.

The hat, considered a valuable piece of cryptocurrency memorabilia by some, was purchased by “Finn,” founder of the BAGS trading platform, after a 5-hour bidding period. Its authenticity was confirmed by the account for Achi, the dog whose viral photograph inspired the WIF coin, and OrdCity on X.

A dog wearing a pink knit cap | source: @ordcity on X

After the auction closed, Achi’s handlers posted a message congratulating Finn on the win. The hat, they wrote, “has been a lucky charm” and “a piece of internet culture that has traveled across chains, timelines, and communities.”

Both WIF and Shiba Inu SHIB $0.000013 24h volatility: 4.6% Market cap: $7.79 B Vol. 24h: $331.92 M — another dog-inspired meme coin not directly related to WIF — rose as much as 5% in the hours after the auction and remain up around 2% as of this article’s publication. Trading volume also increased for both coins during the same period, with SHIB up 39% and WIF up 23%.

24-hour trading activity for Shiba Inu | Source: TradingView.

24-hour trading activity for Dogwifhat | source: TradingView.

SHIB and WIF have a history of demonstrating positive market movement after viral moments. As Coinspeaker reported in 2024, a shoutout on X from tech billionaire Elon Musk sent the price of WIF up more than 2%.

Meanwhile, SHIB is currently in the midst of a rebound after a rocky 30-day period. The auction bump accompanies a skyrocketing token burn rate that contributed another 2% gain as SHIB remains on the road to recovery. As of this article’s publication, SHIB is down about 6% over the previous week.

The post Pink Shiba Inu Hat Associated With Dogwifhat Sells For $799K at Auction appeared first on Coinspeaker.