A picture of a dog wearing a wool hat on the chain was sold for just over $4.3 million last Monday. This sounds incredible, but in this photo is not a casual dog (maybe not much of a difference), but the Shiba Inu Achi: the Shiba Inu, the iconic meme "Dogwifhat" from the internet. The price of more than $4.3 million also makes this Achi NFT the most expensive meme NFT in history. But this is by no means the first high-priced meme NFT. Over the years, the benign interweaving of the Internet and crypto culture has led to a series of household-known meme NFTs. The following is the list of the highest transaction price in history. Dogwifhat: $4.3 million
Dogwifhat Meme (partial). Source: Foundation Last week, Dogwifhat NFT sold for 1,210.759 ETH, worth $4,311,234 at the time of the transaction, thanks to the popularity of the original Dogwifhat meme since the end of 2019. But the reason why this work can be shot at an eye-catching price is perhaps more due to the huge success of the meme coin WIF on Solana. In the past few months, this meme coin inspired by the soaring value of Dogwifhat. Since its creation in December last year, WIF's price has soared, with its market value exceeding the $3 billion mark last week. Not long ago, several WIF community members raised nearly $700,000 to get Achi's face to the huge spherical LED screen outside the Las Vegas Sphere. Auctionist Path said the NFT photo was randomly taken by Achi's South Korean owner in 2018. After deducting fees, the auction will earn it about $4.1 million, far higher than expected. GCR, a well-known anonymous cryptocurrency dealer, took the photo through an auction of the digital art platform Foundation. Doge: $4.2 million Kabosu, Dogecoin meme prototype. Source: Very.Auction Last week, the record of the most expensive meme NFT in history was still maintained by Doge, the founder of all dog memes. The deal took place on June 11, 2021, and caused a sensation during the heyday of NFT, with the first multi-million dollar price shot. The original image is a photo of his Shiba Inu Kabosu taken by Japanese kindergarten teacher Atsuko Sato. This photo also forms the inspiration for Doge meme. The NFT ended up selling at an ETH price higher than Dogwifhat NFT: 1696.9 ETH. But because the ETF price was low at that time, it was about $4.234 million. Doge meme was not only an indispensable part of the Internet culture at that time, but also formed the foundation of the crypto world because it inspired the first meme coin Dogecoin. "Doge is probably one of the most important memes in Internet culture." Santiago Santos, a member of PleasrDAO, who purchased the Doge NFT, said at the time. PleasrDAO then split Doge NFT into billions of fragmented tokens, creating hundreds of millions of dollars in value and driving a complete ecosystem of crypto users who love Doge. Pepe the Frog: $3.5 million On October 5, 2021, the original Pepe the Frog Genesis NFT created by Matt Furie was sold for an astonishing 1,000 ETH, which was worth about $3.5 million at the time. This green amphibian that was popular on the Internet was once used by the far right. Of course, Pepe not only enjoys a high reputation in the general Internet circle, but has long been closely intertwined with crypto culture. Last year it inspired Pepecoin, a meme coin that has been a success on Ethereum.
feels great. Source: Matt Furie
Pepe NFT represents the first multi-frame comic file depicting the character drawn by Furie, and was created in November 2006. The buyer is the NFT fund Starry Night Capital, formed by crypto hedge fund SanArrow Capital and anonymous investor Vincent Van Dough. In 2022, after Sanjian Capital went bankrupt, the liquidator confiscated Sanjian's NFTs and began selling them to repay the debt. As part of the liquidation, Pepe NFT was sold to crypto industry executive Andrew Kang this week with the assistance of Sotheby's, with the transaction volume undisclosed.