Influential Trader GCR Buys Original Dogwifhat Meme for $4M; WIF Rises

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Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

The original picture of Achi, the dog wearing a pink beanie hat, was sold for 1,210 ETH in an auction on the crypto platform Foundation, with influential trader GCR winning the bid.

GCR, known for market insights and accurate predictions, has gained fame in the crypto community. Their involvement in the auction led to a 10% jump in WIF prices. The original picture that inspired Solana’s runaway hit meme coin Dogwifhat has apparently been purchased for $4 million worth of ether by influential trader GiganticRebirth, known as GCR in crypto circles.

A picture of Achi, the dog wearing a pink beanie hat, was listed on crypto auction platform Foundation for an initial price of 0.15 ETH. “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 description read.alias, and Memeland, a crypto project. GCR won with an offer of 1,210 ETH after nearly an hour of bidding.

While GCR’s identity has not been revealed, and they stopped using X in April 2023, their posts continue to be cited throughout the platform.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

Source: News Formal (newsformal.com)

 

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