Dogwifhat Ethereum NFT Fetches $4.3M Sale; Triggers WIF Price Spike

By: Eva Baxter

An iconic meme, Dogwifhat, has been sold as an Ethereum NFT for a staggering price of $4.3 million. The deal has resulted in a significant payday for the South Korean owners of the dog, Achi, featured in the meme, reaping a profit of approximately $4.1 million.

In related news, WIF assets have seen a surge after influential trader GCR purchased the original Dogwifhat image. This uptick in value began soon after the news of GCR's acquisition broke out among X users, leading to an interesting market dynamic.

This event validates the ongoing trend of meme-centric NFTs commanding steep prices, and influencing associated token values in the crypto market.