Sad DOGE NFT resold for $2M as market continues to grow

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Dogecoin is clearly growing in popularity with yet another multi million dollar sale of the Sad Doge NFT being resold for $2M in USDC.

Dogecoin is clearly growing in popularity with yet another multi million dollar sale of the Sad Doge NFT being resold for $2M in USDC.

The buyer goes by the name TwoDollaHotDoge, and this was their second attempt to buy the iconic NFT, with their first offer of 30ETH (which at the time was valued at around $94,000) being ignored by the seller.

The Sad Doge NFT was originally sold on the Zora marketplace, but didn’t reach anything like this insanely high price tag. Kabosu, the Shiba Inu’s Sad Doge image portrays the dog looking sad in the image taken from a photograph by the hounds owner, Atsuko Sato.

Sad Doge NFT not the first multimillion meme

This isn’t the first time the Memestock dog has made NFT headlines, as the Excited Kabuso, another Shiba Inu NFT was sold for the incredible amount of 1,696.9 ETH (around $4M), making it the most expensive meme NFT of all time, and which also took place on the Zora auction site.

“We’re so happy to be a part of this milestone in internet history. If any meme deserved to be the new meme NFT record holder, it’s Doge,”

Don Caldwell, Editor in chief of Know Your Meme

Meme database Know Your Meme certified the Doge ahead of the auction to ensure that the meme was being sold by the rightful owner, and not a cheap clone.

The NFT space is growing rapidly at the moment, with a number of companies including Facebook looking to incorporate them into future crypto wallets, and being part of the rise of chains which support NFT’s such as Solana hitting new all time highs after the flash sale of the degenerate Apes NFT collection, which sold out in just 8 minutes.

Dylan Leighton

Dylan Leighton

Dylan Leighton is an composer, music producer, sound designer and mix engineer from the United Kingdom. Making music for over 40 years, he creates music for corporate clients, film and video, and his own personal enjoyment. Writing under the artist name Kalliste, he has composed in just about every genre, from hip-hop to funk to classical.

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