The founder and CEO of the meme coin issuance platform BAGS, FINN, successfully auctioned the iconic prop atop Dog Hat Coin ($WIF): the "pink god hat" on the head of Shiba Inu Achi for 6.8 BTC (approximately $800,000). (Background: The meme coin warrior) A smart investor purchased $WIF and made a profit of 2.31 million dollars, with a trading win rate of up to 100%) (Context: The meme sector is surging! Dog Hat Coin WIF skyrocketed by 30%, and cat-themed Memecoin took over the rally) A seemingly ordinary pink wool hat sold for an astonishing $800,000! This is not some high-end fashion item, but the iconic prop atop Dog Hat Coin (Dogwifhat, $WIF): the "pink god hat" on the head of Shiba Inu Achi. Sold for $800,000! The CEO of BAGS snatched the "meme relic". According to the latest data from the Ordcity auction platform (the Ordinal inscription auction platform), this pink wool hat was ultimately purchased by FINN, the founder and CEO of the meme coin issuance platform BAGS, for 6.8 BTC (approximately $800,000). In fact, the auction included not only Achi's physical pink wool hat but also a photo of Achi with the hat, a handwritten letter from the owner (to verify authenticity), and a video narrated by the owner (revealing the story behind the hat and the $WIF meme). Additionally, it is worth noting that there was an incident during the auction where X user @Wolfy_XBT revealed that during the auction, Chinese KOL @hexiecs bid 100 BTC (approximately $11.65 million), but FINN did not back down and immediately raised the bid to 101 BTC, showing a strong determination to win. However, netizens later discovered that this was merely a small "meme farce", as the platform's breach of contract penalty was only $2,900, so even if the bid was 1,000 BTC, the cost of breach was not too high. The cryptocurrency world is so outrageous, the hat of Dog Hat is currently being auctioned, with the latest bid reaching 101 bitcoins, worth about 12 million dollars. The previous latest bid was 21 bitcoins, and the well-known Chinese KOL @hexiecs just raised the price to 100 bitcoins, while Bags' founder @finnbags continued to bid 101 bitcoins, while the poor continue to watch the spectacle. pic.twitter.com/9B9hxS5Iwz — WolfyXBT (@Wolfy_XBT) August 7, 2025 After winning the hat, earlier today (8th), FINN also posted on the X platform, claiming he had spent $800,000 to acquire a hat worth $1 billion: I am pleased to announce that @BagsApp has completed its first acquisition. We spent only $700,000 to buy a hat worth $1 billion! Get ready for the surprises to come! I’m excited to announce that @BagsApp has made its first acquisition. We’ve acquired a $1B hat for just $0.7M Get ready for what’s coming next. pic.twitter.com/jiOGyar6tq — FINN (@finnbags) August 7, 2025 BAGS is attracting attention. Indeed, as FINN wished, in the currently fiercely competitive meme coin issuance market, BAGS, as a meme coin issuance platform, successfully tied its brand to the legendary story of $WIF through this auction, attracting a lot of attention. Data shows that after the auction, the token deployment volume of BAGS significantly increased, soaring to second place in the market, surpassing LetsBonk, only behind the leading platform Pump.fun.

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