Share this article
Influential Trader GCR Buys Original Dogwifhat Meme for $4M; WIF Rises
WIF prices surged in the past hour as X users discovered the trader now holds the original image.
Updated Mar 20, 2024, 4:58 p.m. Published Mar 18, 2024, 12:34 p.m.
- The original picture of Achi, the dog wearing a pink beanie hat, was sold for 1,210 ETH in an auction on the crypto platform Foundation, with influential trader GCR winning the bid.
- GCR, known for market insights and accurate predictions, has gained fame in the crypto community. Their involvement in the auction led to a 10% jump in WIF prices.
The original picture that inspired Solana’s runaway hit meme coin Dogwifhat (WIF) has apparently been purchased for $4 million worth of ether by influential trader GiganticRebirth, known as GCR in crypto circles.
A picture of Achi, the dog wearing a pink beanie hat, was listed on crypto auction platform Foundation for an initial price of 0.15 ETH. “The photo of Achi wearing a small hat instantly took the internet by storm, and now it has captured the hearts of people around the globe as a meme called $wif,” the description read.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The auction quickly became a bidding battle between GCR, under the “PleasrDAO” alias, and Memeland, a crypto project. GCR won with an offer of 1,210 ETH after nearly an hour of bidding.
Crypto investor @cryptopathic said on X that his team initially set up the auction and confirmed in a follow-up tweet that GCR submitted the winning bid.
Sold for 1,210 ETH ($4.3m) to GCR pic.twitter.com/ptKPc4cON3
— path.eth 🛡️ (@Cryptopathic) March 18, 2024
GCR was among the top traders by realized profit on the now-defunct crypto exchange FTX in 2021-22, capturing a huge audience on X for informed takes on the market and an ability to predict market movements months in advance.
They gained more fame by being among the few traders who accurately timed the market top in 2022, shorting 30 popular tokens that they considered overvalued.
While GCR’s identity has not been revealed, and they stopped using X in April 2023, their posts continue to be cited throughout the platform.
The WIF price has surged 10% in the past hour, buoyed by GCR’s connection to the meme.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
