Dogwifhat’s Knit Cap Fetches Nearly $800K in BTC Auction

Dogwifhat’s Famous Knit Cap Fetches Nearly $800,000 in BTC Auction

Written by Aaron S.,

Editor-In-Chief

Last Updated: August 08, 2025

Key Takeaways

Achi’s hand-knit hat, linked to Dogwifhat, sold for nearly $800,000 on Bitcoin-based Ordcity;
Meme coin founder Finn used Bags token funds to win the 6.8 BTC auction on August 7;
The hat, now part of Bags’ logo, may tie into future updates hinted at by Finn on X.

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A hand-knit hat worn by a Shiba Inu named Achi, associated with the Dogwifhat meme coin, has just been sold for nearly $800,000.

The sale took place on August 7 through the Ordcity platform, which is based on Bitcoin BTC $108,640.02 ordinals. The buyer, known as Finn, is the founder and CEO of a meme coin platform called Bags. He said his goal was to bring the hat "back to the community".

Finn competed against two other bidders, Gr3g and X:md96178. They won the hat with a bid of 6.8 BTC, which was worth about $792,696 at the time.

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He stated that the money came partly from a token on his platform called Buy the Hat and partly from his own funds. According to Finn, this purchase is meant to make sure the hat remains tied to the Dogwifhat community.

After winning, Finn stated in a post on X that he might "update the metadata" of the token. He also added the hat to the Bags logo and hinted that more announcements could be coming soon.

The hat was made by Achi’s owner while living in South Korea. A photo of Achi wearing it was taken two months after the dog was born in 2018. That image eventually became the face of Dogwifhat, a meme coin built on Solana SOL $203.97 .

On August 8, the owner posted on X to congratulate Finn. They wrote that the hat has become a symbol across different communities and chains. "We hope it brings you and everyone around you the same luck, fun, and serendipity it brought us", they said.

Meanwhile, Chris Larsen, a co-founder of Ripple, recently drew attention after a wallet connected to him moved 50 million XRP. How did the crypto community respond? Read the full story.