iconic pink hat belonging to Dogwifhat put up for auction for the first time.
In an unprecedented event, the pink hat worn by Achi, the Shiba Inu behind the viral "Dogwifhat" meme, has been auctioned off for a hefty sum. The final sale price was around 6.8 BTC, equivalent to approximately $793,000 USD, making it one of the most valuable meme-related collectibles to date.
The auction, held on the Ord City platform, began on August 5, 2025, and concluded shortly before August 8, 2025, when the top bidder, a user named Finn.bags, placed the winning bid. The funds for the purchase came from the "BUY THE HAT" token fees, highlighting the interconnectedness of memecoin culture and physical collectible artifacts.
The handcrafted wool beanie, authenticated with blockchain proof and accompanied by high-resolution photos and video from Achi’s owners, measures 12.5 x 12.5 x 10 cm and weighs 0.09 kg. Originally a Christmas decoration made from yarn intended for donation, the hat became a symbol of internet culture when Achi's parents took the now-famous photo on November 17, 2018.
The "Dogwifhat" meme gained immense popularity, particularly on Reddit and Twitter, and was part of the journey to the birth of the $WIF cryptocurrency, which had a market cap of billions of dollars at one instance. As of the latest update, the daily volume of $WIF is approximately $223 million, according to CoinMarketCap.
Interestingly, the digital provenance of the hat has been locked in through the use of Ordinals technology, with the photo of Achi and his parents with the hat inscribed on the Bitcoin blockchain. This move further solidifies the hat's place in internet history.
Achi, born in September 2018, quickly became an internet sweetheart. The meme even played a role in the birth of the $WIF cryptocurrency. However, it's important to note that there is no direct connection between the meme and the cryptocurrency mentioned in this article.
In a nod to the memecoin culture, the 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). Finn's acquisition of the original "Dogwifhat" pink hat hints at possible future projects involving the hat in the Bags ecosystem.
As the world continues to embrace digital culture, events like this auction serve as a reminder of the power of the internet and the enduring appeal of memes. The "Dogwifhat" pink hat is not just a piece of clothing; it's a symbol of a shared experience, a testament to the power of the internet, and a unique piece of internet history.
[1] Ord City Auction Announcement: https://ordcity.io/auctions/dogwifhat [2] Finn's Winning Bid Confirmation: https://twitter.com/Finnbags/status/1555020658188088320 [3] Interconnectedness of Memecoin Culture and Physical Collectibles: https://medium.com/@bagsmemecoin/the-interconnectedness-of-memecoin-culture-and-physical-collectibles-865e88d3f1e1 [4] Future Projects Involving the "Dogwifhat" Pink Hat: https://twitter.com/Finnbags/status/1555030126504382464 [5] Digital Provenance of the "Dogwifhat" Pink Hat: https://medium.com/@bagsmemecoin/the-digital-provenance-of-the-dogwifhat-pink-hat-62d6d478680a
- The pink hat from the viral "Dogwifhat" meme was auctioned off on the Ord City platform, fetching a price of 6.8 Bitcoin, equivalent to approximately $793,000 USD.
- The funds for this record-breaking sale were collected through "BUY THE HAT" token fees, underscoring the fusion of memecoin culture and physical collectibles.
- Besides being a valuable meme-related collectible, the handcrafted wool beanie has found a place in internet history as its digital provenance has been locked in through the use of Ordinals technology and inscribed on the Bitcoin blockchain.
- In a Bags ecosystem, Finn.bags, the top bidder, acquired the "Dogwifhat" pink hat, suggesting possible future projects involving the iconic piece of clothing.
