July 16, 2024
Dogwifhat Owner Rakes in $4.3 Million Selling Meme Photo NFT

Dogwifhat Owner Rakes in $4.3 Million Selling Meme Photo NFT

In the midst of what many financial analysts are dubbing the “silly season” of the bull market, yet another eyebrow-raising event has occurred. The owner of the beloved internet meme dog, affectionately known as the Dogwifhat ($WIF), has recently dropped an NFT on the popular platform Foundation. In a frenzy of bidding, the auction closed at a staggering 1,210 ETH, equivalent to a jaw-dropping $4.3 million.

The Achi Legacy: From Internet Meme to NFT Sensation

The NFT in question features the iconic image of a Shiba Inu adorned with a pale pink knitted cap, the trademark symbol of the $3.2 billion market cap Solana token, $WIF. The anonymous minter, claiming to be the proud owner of the dog named Achi, born in 2018, provided a heartwarming backstory to accompany the auction.

“Born on September 15, 2018, Achi’s charming personality quickly won over everyone around him,” the description reads. “On November 17, 2018, Achi’s parents captured him in an endearing hat on camera. 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.”

From Instagram to Feisty DAO: Achi’s Journey to the NFT Universe

The drop of Achi’s NFT is linked to an Instagram account purportedly belonging to the dog’s owners. In a bilingual post, the account owner, ma_babezz, expressed excitement over Achi’s widespread adoration. They announced a collaboration with Feisty DAO, a group of holders of the Feisty Doge NFT, to launch an NFT-based meme.

“Hello everyone, this is Achi‘s parents,” the post states. “We are thrilled to see that Achi’s childhood photos have been receiving so much love and attention from people all around the world. To further share Achi‘s story and spread the positive impact he brings, we have been exploring various ways to introduce Achi to a wider audience.”


Crossing Blockchains: $WIF’s Journey from Solana to Ethereum

While the Foundation auction occurred on Ethereum, the $WIF coin resides on the Solana blockchain, where it has garnered significant attention and trading volume. Amidst the fervour of the Solana memecoin market, $WIF stands out with its current price of $3.20 and a trading volume exceeding $1.045 billion in the last twenty-four hours.

In an exciting development, $WIF is set to be featured on the Las Vegas Sphere, a renowned all-screen globe showcasing art and advertisements. Achi’s adorable image will soon grace the Sphere for all to see thanks to a campaign spearheaded by Solana wallet Phantom, which raised $84k in just 27 minutes.

Inspiring a Memecoin Revolution: Catwifbag ($BAG) Emerges

The impact of Achi’s endearing photos extends beyond the realm of NFTs and cryptocurrencies. Another image from the Instagram account has inspired a secondary memecoin known as Catwifbag ($BAG). With a market cap of $8.1 million at the time of publication, $BAG is a testament to the viral nature of internet memes and their influence on the financial landscape.

In conclusion, Achi the Dog’s journey from internet meme to NFT sensation exemplifies the whimsical nature of the current bull market. As cryptocurrencies continue to capture the imagination of investors and enthusiasts alike, Achi’s legacy serves as a reminder of the power of memes to transcend digital realms and captivate global audiences.

Image: Wallpapers.com

Disclosure Statement: Miami Crypto does not take any external funding, or support to bring crypto news to the readers. We do not have any conflicts of interest while writing news stories on Miami Crypto.

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