Editing dogwifhat

**dogwifhat** (ticker **WIF**) is a [[Solana]] memecoin built on a photo of Achi, a Shiba Inu wearing a pink knitted beanie.[^1][^2]

## Lore
The photo was taken in November 2018 by Achi's owners in South Korea.[^2] It spread in 2019 after Fortnite player and streamer Issa used it as his Twitter profile picture; Issa claims no affiliation with the coin.[^1] The token went live in November 2023 and its creators are anonymous.[^1]

WIF was the flagship of the early-2024 Solana memecoin run, following [[Bonk]]. Binance listed it in early March 2024 and it set an all-time high on 2024-03-06.[^3] It peaked at $4.83 on 2024-03-31, a market cap of about $4.58 billion.[^1] Coinbase added it on 2024-11-13, when its market cap was about $4.1 billion.[^4] By March 2025 it had fallen to about $0.43, 91% below the peak.[^1]

### The photo and the hat
Achi's owners sold the original photo as an NFT on Foundation in March 2024 for 1,210.759 ETH (about $4.3 million) to the pseudonymous trader GCR.[^2] The Ethereum mint upset parts of the Solana community.[^1] The physical beanie sold on Bitcoin Ordinals marketplace Ord City on 2025-08-07 for 6.8 BTC (about $794,000) to Finn, founder of the Solana launchpad Bags.[^5]

## Timeline
- 2018-11: photo of Achi in the hat is taken[^2]
- 2023-11: token launch[^1]
- 2024-03: Binance listing; all-time high on 2024-03-06[^3]
- 2024-03-10: "Sphere wif hat" fundraiser passes $240,000 of a $650,000 goal[^3]
- 2024-03-18: photo NFT sells for about $4.3 million[^1][^2]
- 2024-03-31: all-time high of $4.83, market cap about $4.58 billion[^1]
- 2024-11-13: Coinbase listing[^4]
- 2025-03-31: Sphere campaign abandoned; refunds announced[^6]
- 2025-08-07: original beanie sells for 6.8 BTC[^5]

## Controversies
### Las Vegas Sphere campaign
In March 2024 holders crowdfunded about $700,000 in USDC to show the dog on the Las Vegas Sphere for a week.[^3][^6] The multisig was set up by five people including [[Ansem]].[^1] A Sphere spokesperson later said the venue never had a deal with dogwifhat and only accepts crypto advertising from exchanges or about Bitcoin.[^6] Organizer GamesMasterFlex said a fashion partner backed out; on 2025-03-31 the organizers abandoned the plan and said the roughly $697,800 still in the multisig would be refunded.[^6]

## See also
- [[Samoyedcoin]]
- [[Myro]]
- [[Moo Deng]]
- [[Peanut the Squirrel]]

## References
1. [What is Dogwifhat (WIF)? The Solana Dog Meme Coin With a Hat](https://decrypt.co/resources/what-is-dogwifhat-wif-solana-dog-meme-coin), Decrypt, 2025
2. [Dogwifhat Ethereum NFT Sells for $4.3 Million](https://decrypt.co/222198/dogwifhat-ethereum-nft-sells-4-3-million), Decrypt, 2024-03
3. [Sphere wif hat? Dogwifhat holders set sights on Vegas ad, raise $240,000](https://www.theblock.co/post/281521/sphere-wif-hat-dogwifhat-holders-set-sights-on-vegas-ad-raise-240000), The Block, 2024-03-10
4. [Dogwifhat soars after Coinbase announces plans to list the memecoin](https://www.theblock.co/amp/post/326388/dogwifhat-soars-after-coinbase-announces-plans-to-list-the-memecoin), The Block, 2024-11-13
5. [Dogwifhat original pink beanie sells to memecoin launchpad founder for $800K](https://www.theblock.co/post/366171/dogwifhat-memecoin-pink-beanie-sells-800k-less-than-4-3m-iconic-photo-nft-sale), The Block, 2025-08-08
6. [Dogwifhat Abandons Las Vegas Sphere Plans, Team to Refund Nearly $700K](https://decrypt.co/312720/dogwifhat-las-vegas-sphere-solana-meme-coin-refund-700k), Decrypt, 2025-04-01
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