Pink Dogwifhat Knit Cap Sells for 6.8 Bitcoin at Auction
A pink knit cap linked to the dogwifhat meme coin sold for 6.8 Bitcoin (approximately $795,600) at an OrdCity auction on August 7. The buyer, Finn, founder of BAGS trading platform, confirmed its authenticity with endorsements from Achi's account and OrdCity.
Key points:
- The auction lasted 5 hours.
- Achi's handlers praised the hat as a piece of internet culture.
- Following the auction, WIF and SHIB rose by up to 5%.
- Trading volume increased: SHIB up 39%, WIF up 23%.
- Both coins often see market activity spikes after viral events.
- SHIB is recovering from a volatile month, currently down about 6% weekly despite recent gains.
A dog wearing a pink knit cap | source: @ordcity on X
24-hour trading activity for Shiba Inu | Source: TradingView.
24-hour trading activity for Dogwifhat | Source: TradingView.