A tweet by Elon Musk has sent the price of Milady Meme Coin soaring by more than 12,000% at the time of writing.
It follows a Musk tweet that shared a post showing one of the Milady Maker anime-style Ethereum NFT profile pictures.
The post reads: “There is no meme. I love you.” It has since been viewed more than 26 million times and liked by 208.9k profiles.
At the time of writing, the price of Milady Meme Coin ($LADYS) was trading at $0.0000001518. CoinMarketCap currently ranks the Milady crypto at number 2,622. It does not list a circulating supply and has a max supply of 888,000,888,000,888 LADYS coins.
According to the LADYS crypto whitepaper: “LADYS may not be the meme coin Miladys want, but LADYS is the meme coin Miladys need in these times of unbridled memetic power.
“You like the art, we make the coin.”
Milady Maker appears to be shady and has faced controversy in the past. Its NFT prices fell last year after its creator Charlotte Fang confessed that she had previously ran an anonymous Twitter account that spewed abusive tweets. Fang then stood down from the team.
Milady crypto is not associated with Fang or her Milady Maker art.
Elon Musk effect
Any time Twitter owner Elon Musk opens his mouth about a coin, it then soars or falls. Whenever he decides to name-drop Dogecoin – his ‘favourite’ coin, now incorporated at SpaceX and Tesla – the crypto market reacts accordingly.
‘Dogefather’ Musk calls it ‘the people’s crypto’ and even mentioned it on his 2021 Saturday Night Live hosting slot – which made DOGE plunge by 30%.
Floki (FLOKI) – now the crypto market’s 97th biggest coin – came to fruition following a tweet from Musk about his new puppy.
At the time of writing, Floki is currently trading at $0.00003638 – up nearly 5% in the past 24 hours.