Viral Shiba Inu hat sells for $793K, driving dogwifhat price 5% higher
Main Idea
A viral Shiba Inu hat sold for 6.8 Bitcoin ($793,409.18) in an auction, driving the price of the meme coin dogwifhat (WIF) up by 5% and increasing trading volume by 73.7%.
Key Points
1. The knitted pink hat worn by the Shiba Inu known as Achi sold for 6.8 Bitcoin ($793,409.18) in an auction on Ord City, concluding in under five hours.
2. The winning bid came from Finn, founder of the trading platform BAGS, who hinted at future projects linked to the purchase.
3. The meme coin dogwifhat (WIF) saw a 5.7% price increase and a 73.7% jump in trading volume following the auction.
4. WIF's market cap rose 4.93% to $296 million, though it remains 80% below its all-time high of $4.83.
5. Shiba Inu's price increased by 2.04% in the last 24 hours, trading at $0.00001294 at the time of writing.
Description
The knitted pink hat worn by the Shiba Inu known as Achi, a central figure in the viral “dogwifhat” meme, has sold for 6.8 Bitcoin ($793,409.18) in an online auction. The event took place on August 8 via the digital marketplace platform Ord City and concluded in less than five hours. The winning bid came from Finn, founder of the trading platform BAGS, who suggested further projects may follow the purchase. The sale has coincided with a surge in the value and trading activity of the meme coin na...
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