Category: NFT News

Renowned Crypto Trader GCR Acquires DogWifHat NFT for $4 Million

By Published On: March 19, 20240.9 min readViews: 1490 Comments on Renowned Crypto Trader GCR Acquires DogWifHat NFT for $4 Million

The NFT was initially listed for 0.15 ETH ($500).

The original picture that inspired the WIF memecoin was auctioned off as a non-fungible token (NFT) and sold for millions.

The NFT was sold for just under 1,211 ETH ($4 million) after a bidding war on the NFT marketplace Foundation.

The winning bidder was crypto trader GiganticRebirth (GCR), who rose to prominence during the last bull market as one of the most profitable traders on the now-defunct FTX crypto exchange. They also famously predicted the collapse of Terra and its UST stablecoin, winning a $10 million wager with Do Kwon, the protocol’s bombastic founder.