The dog hat coin $WIF "Pink Fur Hat" sold for 6.8 BTC! Buyer BAGS CEO: $800,000 for $1 billion meme narrative
FINN, the founder and CEO of the meme currency issuance platform BAGS, successfully bought the dog hat coin ($WIF) for 6.8 BTC (approximately $800,000). The iconic prop on his head: the "pink hat" on the head of the Shiba Inu Achi.
(Preliminary summary: Dog Hat Coin God of War" A smart money made a huge profit of 2.31 million magnesium by buying $WIF, with a transaction winning rate of 100%)
(Background supplement: The meme sector jumped! Dog Hat Coin WIF soared by 30%, and the cat-based Memecoin took over to increase the price)
A seemingly ordinary pink fur hat was sold for a sky-high price of US$800,000! This is not a brand-name fashion item, but the iconic prop on the head of the Dogwifhat coin ($WIF) that has taken the meme currency circle by storm: the "pink hat" on the head of the Shiba Inu Achi.
Sold at a sky-high price of US$800,000! BAGS CEO grabs "Meme Sacred Artifact"
According to the latest information from the Ordcity auction platform (Ordinal inscription auction platform), this pink fur hat was finally successfully auctioned by FINN, the founder and CEO of the meme currency issuance platform BAGS, for 6.8 BTC (approximately US$800,000).
In fact, in addition to Achi’s physical pink fur hat, the auction also includes a photo of Achi and the fur hat, a handwritten letter from the owner (to verify the authenticity), and an oral video of the owner (revealing the story of this hat and $WIF memes).
It is also worth noting that there was an episode during the auction, X user @Wolfy_XBT It was revealed that during the auction, Chinese KOL @hexiecs once bid for 100 BTC (approximately $11.65 million), but FINN showed no sign of weakness and immediately bid 101 BTC, which seemed to be a sure win. However, upon closer inspection, netizens discovered that this was just a small "meme farce" because the platform's default penalty was only $2,900, so even if the bid was 1,000 BTC, the cost of default is not too high.
The currency circle is so damn outrageous. Hat Dog’s hat is currently being auctioned. The latest bid came to 101 Bitcoins, which is approximately worth 12 million US dollars😂
Originally the latest bid was 21 Bitcoins. Well-known Chinese KOL calm down @hexiecs Just after a direct bid raised the price to 100 Bitcoins, the founder of Bags, @finnbags, continued to bid 101 Bitcoins, and the poor man continued to take advantage of the situation. … pic.twitter.com/9B9hxS5Iwz
— 杀波狼 WolfyXBT (@Wolfy_XBT) August 7, 2025
After taking the hat, FINN also posted on the X platform earlier today (8th), saying that it spent $800,000 to buy a hat worth $1 billion:
I am happy to announce that @BagsApp has completed its first acquisition. We bought a billion dollar hat for only $700,000! Get ready for the surprises that follow!
I’m excited to announce that @BagsApp has made its first acquisition.
We’ve acquired a $1B hat for just $0.7M
Get ready for what’s coming next. pic.twitter.com/jiOGyar6tq
— FINN (@finnbags) August 7, 2025
BAGS Attention
The result is indeed what FINN hoped for. In the current extremely competitive meme currency issuance market, BAGS, as a meme currency issuance platform, through this auction, BAGS successfully tied its own brand to the legendary story of $WIF, attracting a lot of attention. Data shows that BAGS's token deployment increased significantly after the auction, and yesterday it jumped to second place in the market, surpassing LetsBonk and second only to the leading platform Pump.fun.
