Overview

• Finn, founder and CEO of meme coin launchpad Bags, secured the original knitted Dogwifhat cap with a 6.8 BTC bid on the Bitcoin ordinal marketplace Ordcity.
• Organizers permanently inscribed a photo verification of Achi and its owner on the Bitcoin blockchain via Ordinals to confirm the hat’s authenticity.
• Finn and Achi’s owners confirmed there will be no further public auctions, ensuring the knitted artifact remains a singular piece of meme history for the community.
• Dogwifhat’s WIF token rose roughly 5.7 percent and saw a more than 70 percent jump in daily trading volume in the hours following the sale.
• Ordcity temporarily halted and relaunched the bidding after an anomalous attempt to bid the entire Bitcoin supply stalled the auction process.