Historic Auction Alert: Dogwifhat’s Legendary Pink Hat Hits the Block for the First Time

Move over Beanie Babies—crypto’s quirkiest status symbol is finally up for grabs.

The iconic pink hat that turned Dogwifhat into a meme legend is hitting the auction circuit, and the crypto world is losing its collective mind. No reserve price? No problem—this is about clout, not fundamentals.

Why it matters: In a market where JPEGs sell for millions, physical meme artifacts are the new flex. The hat’s backstory (worn by the original Shiba Inu in viral 2017 memes) gives it Warren Buffett-level brand recognition—just with more degenerates bidding.

The twist: Sotheby’s isn’t touching this. The auction’s hosted on a decentralized platform, because of course it is. Payment in WIF or ETH only—traditional finance can watch from the sidelines.

Bottom line: When the gavel drops, someone’s paying life-changing money for a pink knit hat. Meanwhile, your financial advisor still thinks Bitcoin’s a fad.

Verified Legacy on Bitcoin Blockchain

To confirm its authenticity, the team inscribed a photo of Achi and his parents with the hat on the Bitcoin blockchain. This step used Ordinals technology to lock in digital provenance. Additionally, a DAO known as the Bureau of Internet Culture backed the 2024 NFT sale of the meme, which sold for 1,210.759 ETH ($4.3M at the time).

The hat started as a Christmas decoration and was made from yarn originally meant for donation. Achi, born in September 2018, quickly became an internet sweetheart. His meme lives on, now anchored in history.

The price of $WIF is currently trading at $0.909788, up 0.59% in the last day, with a daily volume of approximately $223 million, according to CoinMarketCap.

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