The NFT was initially listed at 0.15 ETH ($500).
The unique picture that impressed the WIF memecoin was auctioned off as a non-fungible token (NFT) and bought for tens of millions of {dollars}.
After a bidding struggle on the NFT Market Basis, the NFT bought for slightly below 1,211 ETH ($4 million).
The profitable bidder was cryptocurrency dealer GiganticRebirth (GCR), who rose to prominence over the past bull market as probably the most worthwhile merchants on the now-defunct FTX cryptocurrency trade. Additionally they predicted the collapse of Terra and its UST stablecoin, profitable a $10 million guess with protocol founder Do Kwon.
GCR has not been launched publicly since April 2023 didn’t reply to The Defender’s request for remark. One other dealer, Cryptopathic, coordinated auctions, comfirmed The id of the client.
The NFT was initially listed for 0.15 ETH ($500) by the household of Achi, the one who began all of it. A bidding struggle ensued between GCR and Memeland, with the previous in the end profitable with a bid of $4 million.
WIF briefly surged above $3 after the information broke, however its worth has since fallen by 30% amid a broader correction within the cryptocurrency market.
