Dogwifhat original pink beanie sells to memecoin launchpad founder for $800K

The original knitted beanie worn by Achi, the dog behind the Dogwifhat memecoin, sold for 6.8 BTC ($794,074) via Bitcoin Ordinals marketplace Ord City on Thursday night.

The winning bid came from "Finn," the pseudonymous founder of Solana memecoin launchpad Bags, beating strong competition from other bidders during the 48-hour event.

However, the auction result was far lower than a previous sale of the iconic image as an NFT for $4.3 million, bought by crypto trader Gigantic Rebirth Ventures in March 2024 from Achi's owners.