Crypto News – An estimated $4 million has been paid for 1,210 Ether, the Dogwifhat meme, which depicts Achi the dog wearing a pink beanie hat.
WIF Price Soars After Dogwifhat Acquired by GCR for 4 Million
A significant increase in the value of Dogwifhat (WIF), a meme coin developed on the Solana blockchain, resulted from the acquisition of the trader GiganticRebirth (GCR). A further significant turning point in the relationship between meme culture and cryptocurrencies has been reached by this well-publicized incident.
The initial price of 0.15 ETH was posted for the original piece, which was sold on Foundation, an online platform devoted to cryptocurrency art and auctions. A fierce bidding battle characterized the auction, with GCR—another significant participant in the cryptocurrency world—and Memeland bidding mostly under the pseudonym “PleasrDAO.” As part of the growing trend, the winning bid of 1,210 ETH by GCR showed the high price and fervor that the cryptocurrency community has placed in meme-inspired digital assets.
WIF Increased 17% After Sale
The impact of GCR’s involvement in the acquisition on WIF’s market performance is noteworthy. In the hour that followed the acquisition, the price of the WIF coin increased by 17%. This was not an isolated surge; over the previous 30 days, the price had increased by 579%. Analysts have linked the purchase of GCR to this increase.
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