Take a look, for just 30 dollars, you can get such a hat:
However, yesterday, Bags meme launchpad's founder and CEO @finnbags bought the exact same pink woolen hat for 6.8 bitcoins (approximately $800,000).
The $800,000 premium represents the "original" value of the meme. The hat @finnbags purchased is the prototype from a famous meme on Solana $WIF(dogwifhat) from 2018. Now, this hat will forever leave the head of the cute dog in the image and go to Bags' hands.
In this auction, another strong competitor was @gr3gor14n. His highest bid once reached 6.6 bitcoins. He stated on Twitter that his plan was to buy the hat, put it on his dog's head, and launch an unbundled $WIF2 token.
@finnbags stated that he used the entire income from the meme token $BTH launched on the Bags platform to purchase this hat. Currently, $BTH's market value is close to $5 million.
From the tweet content above, @finnbags also mentioned that they can update $BTH's metadata later. Moreover, both @finnbags and Bags' Official Twitter now have this hat as their avatar, with some players expecting this token to be the first shot in the meme launchpad war. After all, $800,000 has been spent.
This morning, @finnbags published a tweet announcing a $250,000 reward for the first meme token on the Bags platform to break $10 million in market value and maintain it for 24 hours, with both the token's developer and holders able to share this reward.
Besides $BTH, another strong contender is $NYAN. This token brought the classic rainbow cat meme to the Bags launchpad and used Bags' fee income assignment feature to direct income to the original creator of the rainbow cat meme, @PRguitarman. This move successfully attracted interaction from the meme's original creator.
Compared to the previous boop launchpad's requirement for KOLs to personally launch tokens to unlock platform token airdrops, Bags' income assignment feature gives creators/KOLs greater freedom, not needing to personally launch tokens and able to choose to remain completely silent about not claiming this portion of fees, which currently seems to be a more gentle and effective approach.
How high will this $800,000 marketing ultimately take $BTH? Can Bags break through in the meme launchpad war? We'll wait and see.
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