PANews August 8 news, according to The Block, the original pink wool hat of the Dogwifhat (WIF) meme dog Achi was auctioned on the Ord City platform and was ultimately sold for 6.8 BTC (approximately $794,000) to Finn, founder of the Solana meme coin incubation platform Bags. The hat was previously sold as an NFT photo on the Foundation platform for 1210.8 ETH (approximately $4.3 million). The founder of Bags stated that they would participate in the auction using transaction fees from the platform's related token 'BUY THE HAT', and may associate the hat with the token in the future. Dogwifhat (WIF) currently has a market capitalization of nearly $1 billion, with its price dropping over 70% from the NFT auction peak.
