Look, you can get such a hat for only $30:
But yesterday, the founder and CEO of the meme launchpad Bags, @finnbags, purchased a pink beanie identical to the one in the picture above for 6.8 bitcoins (approximately $800,000).
$800,000 premium is the 'original' value of the meme. The one purchased by @finnbags is the same hat that appeared in the prototype meme of the famous meme coin $WIF (dogwifhat) on Solana in 2018. Now, this hat will forever leave the head of the adorable puppy in the picture above and go into the hands of Bags.
In this auction, another strong competitor is @gr3gor14n. His highest bid reached 6.6 bitcoins at one point. He stated on Twitter that his plan is to buy this hat and then put it on his dog's head, launching an unbundled $WIF2 coin.
@finnbags stated that all the revenue from the meme coin $BTH launched on the Bags platform was used to purchase this hat. Currently, the market cap of $BTH is close to $5 million.
As seen in the tweet content above, @finnbags stated that they can update the metadata of $BTH later. Moreover, currently both @finnbags and the Bags official account's profile pictures are wearing this hat, and some players hope that this coin will be the first shot fired in the meme launchpad war on the Bags platform. After all, $800,000 in real money has already been spent.
This morning, @finnbags tweeted again, announcing a $250,000 reward for the first meme coin on the Bags platform that surpasses a market cap of $10 million and maintains this for 24 hours. Both the dev and holders of the winning token can share in this reward.
Beyond $BTH, another strong competitor is $NYAN. This brings the classic rainbow cat meme to the Bags launchpad, and by using Bags' income assignment feature, the revenue is directed to the original creator of the rainbow cat meme, @PRguitarman. This move successfully attracted interaction from the original creator of the rainbow cat meme.
Compared to the previous boop launchpad, which required KOLs to personally issue coins to unlock platform token airdrops, Bags' income assignment feature gives creators/KOLs greater freedom, as they do not need to personally issue coins and can also choose to remain silent and not collect this portion of the fees. It currently seems to be a more gentle and effective way.
How high will this $800,000 marketing push take $BTH? Can Bags break through in the meme launchpad war? We will wait and see.