A photograph featuring the iconic dog from the logo of the Dogwifhat meme coin has been auctioned as a non-fungible token (NFT), fetching an impressive $25,000.
The dog, known as Achi, became synonymous with the Dogwifhat (WIF) meme coin and has now put up a famous photo for auction as an NFT. Originally named Chi-Chi, the dog’s photograph, which later became the emblem of the Dogwifhat meme coin, was reportedly taken two months after its birth on November 17, 2018.
“Achi’s parents captured him in an endearing hat on camera. The photo of Achi wearing a small hat instantly took the internet by storm, and now it has captured the hearts of people around the globe as a meme called wif.”
The auction, hosted on the Foundation site, has been ongoing for several days but gained significant attention from the crypto community on March 15 as bids reached staggering values. Users have shown willingness to spend several Ethereum (ETH) on an image of a dog in a pink hat, with the highest bid at 6,942 ETH, equivalent to over $25,600 at current rates.
Earlier in March, the Dogwifhat project community successfully raised over $703,000 to display the dog symbol of the WIF meme coin on the screen of the MSG Sphere entertainment complex in Las Vegas. The fundraiser saw an initial surge, collecting over $300,000 within the first 24 hours and eventually surpassing $700,000.
The hype surrounding WIF has been building for months, driven by rapid price increases and market capitalization growth. Launched late last year, WIF has now become the fourth-largest meme coin by market capitalization. Stories of traders earning substantial profits on the token with minimal investments have periodically fueled excitement around the Dogwifhat project.
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