{"id":87156,"date":"2025-08-08T23:03:21","date_gmt":"2025-08-08T23:03:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=87156"},"modified":"2025-08-08T23:03:21","modified_gmt":"2025-08-08T23:03:21","slug":"dogwifhat-knitted-hat-sells-for-nearly-800000-at-auction","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=87156","title":{"rendered":"Dogwifhat Knitted Hat Sells for Nearly $800,000 at Auction"},"content":{"rendered":"

A physical pink beanie linked to the Dogwifhat meme coin has just sold for 6.8 BTC, which comes out to about $792,696. The winning bidder was Finn, the founder behind the Bags meme coin launchpad, who says he\u2019ll eventually hand the <\/span>hat<\/span> back to the community. Whether that means a museum display, a stunt, or something else is still unclear, but it\u2019s now officially in his hands.<\/span><\/p>\n

Bidding Got So Intense the Auction <\/span>Was Paused<\/span><\/h2>\n

At one point, someone tried to bid on <\/span>the<\/span> entire supply of Bitcoin. The platform, Ord City, wasn\u2019t having it. They froze the <\/span>auction<\/span>, then reopened it with rules tightened. Once everything was back on track, Finn came in with the highest legitimate offer and took the prize. It\u2019s a rare example of meme coin drama turning into a real bidding war for a physical item.<\/span><\/p>\n

$WIF<\/a> (@dogwifcoin<\/a>) original hat sold in an auction as @finnbags<\/a> wins the bid pic.twitter.com\/RkSpo2S1G8<\/a><\/p>\n

\u2014 The Solana Post (@thesolanapost) August 7, 2025<\/a><\/p>\n\n

The Hat Has Already Made Millions as an NFT<\/span><\/h2>\n

Long before this <\/span>auction<\/span>, the pink <\/span>hat<\/span> went viral thanks to a photo of Achi, the Shiba Inu, <\/span>wearing<\/span> it. That image became the face of $WIF and later sold as an NFT for over 1,200 ETH\u2014around $4.3 million at the time. So technically, this beanie has now generated millions in both digital and physical form.<\/span><\/p>\n

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August2025<\/a><\/strong><\/p>\n

This<\/span> Was Funded by Meme Coin Hype<\/span><\/h2>\n

Finn\u2019s bid wasn\u2019t random. It <\/span>was backed<\/span> by proceeds from the \u201cBuy the Hat\u201d token, a meme coin that <\/span>basically<\/span> existed to win this <\/span>auction<\/span>. Now that he owns the <\/span>hat<\/span>, it\u2019s <\/span>been added<\/span> to the Bags project\u2019s logo. He\u2019s hinted there\u2019s more coming, but didn\u2019t say <\/span>exactly<\/span> what. The whole thing is equal parts marketing move and cultural flex.<\/span><\/p>\n

\n
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<\/div>\n
\n
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Dogwifhat<\/div>\n
Price<\/div>\n
Market Cap<\/div>\n<\/div>\n
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WIF<\/div>\n
<\/div>\n
$976.32M<\/div>\n<\/div>\n<\/div>\n<\/div>\n
24h<\/span>7d<\/span>30d<\/span>1y<\/span>All time<\/span><\/div>\n<\/div>\n<\/div>\n

Token Price Exploded Right After the Win<\/span><\/h2>\n

The moment the sale went through, the Buy the Hat token started climbing. It shot up more than 290 percent, taking its market cap from $1.6 million to over $6.3 million in a matter of hours. The hype cooled a bit afterward, but it still held around $4.7 million, not bad for a meme coin with one objective.<\/span><\/p>\n

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n

WIF Itself Is Still Hanging On<\/span><\/h2>\n

Dogwifhat (WIF) had a wild ride earlier this year. It hit a $4.5 billion market cap in March before falling off. Right now, it\u2019s closer to $950 million. It\u2019s no longer in the spotlight, but this sale brought it some fresh <\/span>attention<\/span>\u00a0and reminded people why it caught fire in the first place.<\/span><\/p>\n

The Beanie <\/span>Was Made<\/span> in South Korea<\/span><\/h2>\n

Achi\u2019s owners knitted the pink <\/span>hat<\/span> themselves. The viral photo <\/span>was taken<\/span> when the pup was just a couple of months old. What started as a funny picture has now turned into one of the most recognizable images in the meme coin world, and the actual <\/span>hat<\/span> has become a symbol with real value attached.<\/span><\/p>\n

What This All <\/span>Means<\/span><\/h2>\n

This<\/span> wasn\u2019t just a high-priced gag. It\u2019s part of a bigger pattern where crypto projects lean into cultural objects, remix them into tokens, and build communities around them. The Dogwifhat <\/span>hat<\/span> is no longer just a meme. It\u2019s part of the evolving playbook for how internet culture turns artifacts into assets.<\/span><\/p>\n

DISCOVER:\u00a0<\/span>20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n

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Key Takeaways<\/h2>\n

The original Dogwifhat pink beanie just sold for nearly $800,000 at auction, purchased by Finn, founder of the Bags meme coin launchpad. <\/p>\n

The auction grew so chaotic that organizers paused it after someone tried to bid Bitcoin\u2019s entire supply, before Finn placed the winning 6.8 BTC offer. <\/p>\n

The same hat image already sold as an NFT for over 1,200 ETH\u2014more than $4 million\u2014making it one of the highest-grossing meme artifacts ever. <\/p>\n

A meme token called Buy the Hat funded the bid, pumped over 290% right after the auction win, and hit a $6.3M market cap before cooling. <\/p>\n

Beyond the stunt, the sale reflects how meme coins now turn cultural items into assets, building narratives and community hype around real-world symbols. <\/p><\/div>\n

The post Dogwifhat Knitted Hat Sells for Nearly $800,000 at Auction<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A physical pink beanie linked to the Dogwifhat meme coin has just sold for 6.8 BTC, which comes out to about $792,696. The winning bidder was Finn, the founder behind the Bags meme coin launchpad, who says he\u2019ll eventually hand the hat back to the community. Whether that means a museum display, a stunt, or […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87156","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87156"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87156"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87156\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}