{"id":267810,"date":"2024-03-19T21:52:45","date_gmt":"2024-03-19T16:22:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=267810"},"modified":"2024-03-19T21:52:45","modified_gmt":"2024-03-19T16:22:45","slug":"renowned-crypto-trader-gcr-acquires-dogwifhat-nft-for-4-million-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/renowned-crypto-trader-gcr-acquires-dogwifhat-nft-for-4-million-crypto-news\/","title":{"rendered":"Renowned Crypto Trader GCR Acquires DogWifHat NFT for $4 Million – Crypto News"},"content":{"rendered":"

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The NFT was initially listed for 0.15 ETH ($500).<\/p>\n

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

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

<\/figure>\n

The winning bidder was crypto trader GiganticRebirth<\/a> (GCR), who rose to prominence during the last bull market as one of the most profitable traders<\/a> on the now-defunct<\/a> FTX crypto exchange. They also famously predicted the collapse of Terra and its UST stablecoin, winning a $10 million wager<\/a> with Do Kwon, the protocol\u2019s bombastic founder.<\/p>\n

<\/p>\n

GCR has not posted publicly since April 2023<\/a> and did not respond to The Defiant\u2019s request for comment. Another trader, Cryptopathic, who coordinated<\/a> the auction, confirmed<\/a> the buyer’s identity.<\/p>\n

The NFT<\/a> was initially listed for 0.15 ETH ($500) by the family of Achi, the dog that started it all. A bidding war ensued between GCR and Memeland, with the former eventually winning with a $4 million bid.<\/p>\n

WIF<\/a> briefly spiked above $3 on the news but has since dropped 30% amid a broader correction across crypto markets.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":2,"featured_media":267811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-267810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/267810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=267810"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/267810\/revisions"}],"predecessor-version":[{"id":267817,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/267810\/revisions\/267817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/267811"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=267810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=267810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=267810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}