Bags founder Finn, described as anonymous, acquired the iconic pink knit hat using 'BUY THE HAT' token fees, verified via high-resolution media, aiming to support the meme community and the dog's family.
Finn, the anonymous founder of Solana's meme coin launchpad Bags, purchased the symbolic pink knit hat—a key icon of the Dog With Hat (WIF) meme coin—at an Ord City auction for 6.8 BTC (around $800K). He used fees from the 'BUY THE HAT' token for the purchase, and the hat's authenticity was verified with high-resolution media. The acquisition is intended to benefit the meme community and support the dog's family, while underscoring the broader significance of meme coins in the crypto market.