legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

## The Acquisition of Dogwifhat NFT and Viral Memecoin Success

The acquisition of the NFT picture of the famous Dogwifhat (WIF) canine, which inspired the Solana-based memecoin, was completed by the renowned cryptocurrency trader Gigantic Rebirth Ventures (GCR). The auction for the NFT took place on Foundation, where it sold for 1,210 Ether (ETH), equivalent to $4.3 million. The memecoin based on the iconic photo reached a market cap exceeding $3 billion in recent times.

GCR, known for making bold investments, also famously won a $10 million bet against Terraform founder Do Kwon, predicting Luna’s future decline. This bet was successful as Terra’s token experienced a significant drop, leading to a $60 billion implosion. Currently, Do Kwon is facing extradition from a prison cell in the Balkans.

### How AI legalese decoder Can Help

AI legalese decoder can support in decoding legal terms and agreements related to the acquisition of NFTs and cryptocurrency investments. By utilizing AI technology, users can easily interpret complex legal language and understand the implications of contracts and agreements in the crypto space. This can help investors and traders make more informed decisions and navigate legal complexities effectively.

## The Rise of Dogwifhat Memecoin in the Cryptocurrency Market

The NFT auction of Achi, along with the collaboration with Fiesty DAO, was announced on social media platforms, generating significant buzz in the crypto community. Dogwifhat memecoin emerged during the Solana memecoin frenzy, reigniting interest in on-chain assets. By March 18, the memecoin had climbed to the 48th position among all cryptocurrencies, briefly overtaking Pepe (PEPE) in market cap.

CoinGecko reported a 13% increase in WIF’s value within 24 hours, reaching approximately $2.80 per coin. Community members also rallied together to raise over $650,000 in cryptocurrency to display the Dogwifhat meme on the Las Vegas sphere, further solidifying the coin’s popularity and presence in the market.

### How AI legalese decoder Can Assist

AI legalese decoder can be instrumental in deciphering the legal implications and agreements surrounding the development and promotion of memecoins like Dogwifhat. By using advanced AI algorithms, the platform can help users understand the legal frameworks governing meme token launches, partnerships, and community fundraising efforts. This can ensure compliance with regulations and mitigate legal risks associated with meme coin projects.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link