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"Doge" Becomes Most Expensive Meme, Fetching $4 Million Worth of Ethereum

u.today 11 June 2021 18:38, UTC
Reading time: ~1 m

While very few people know Atsuko Sato, a kindergarten teacher from Japan, she is actually responsible for the world’s most expensive meme.

“Doge” has just been sold for a staggering $4 million (1696.9 ETH) as a non-fungible token on the Zora marketplace.

Last week, as reported by U.Today, Sato announced that the iconic photo of her female Shiba Inu dog would be auctioned as an NFT, and all proceeds would go to charity.  

Doge had a massive spike in popularity this year because of the Dogecoin cryptocurrency, which is being routinely shilled by Tesla CEO Elon Musk. The Bitcoin parody was originally launched in 2013 before gaining significant popularity.   

The auction winner is decentralized autonomous PleasrDAO. It managed to race ahead of @TwoDollaHotDoge, an avid Dogecoin supporter, during the last minutes of the auction.  

Musk—who would have easily outbid everyone with his pocked change— has stayed mum about the event.
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