In an impressive auction, the influential trader known as GCR acquired the original image of Achi, the dog with a pink hat, for an amount equivalent to 4 million dollars in ether (ETH). This event led to a notable 10% increase in the price of WIF.
The Dogwifhat sold for $4 million to GCR
The image of Achi, now famous as Dogwifhat in the Solana ecosystem, was sold for 1,210 ETH on the auction platform Foundation. GCR, known for his market analysis and often accurate predictions, won this auction.
GCR, the legendary trader
GCR, despite being anonymous, is an iconic figure in the crypto scene, renowned for being one of the most profitable traders on the FTX exchange before its downfall. His ability to accurately predict market trends and identify overvalued tokens has enhanced his reputation, making his movements and acquisitions indicators closely watched by the community.
He is particularly known for his winning bet on the fall of Terra LUNA, against Do Kwon, pocketing 10 million dollars, in addition to a short trade accumulating millions of dollars in profits.
The news of the acquisition by GCR quickly circulated on X, causing an immediate 10% increase in the price of WIF before returning 5% below its starting price.
