NewsletterElon Musk’s Latest Tweet Sparks Price Rally For This Little-Known NFT
Crypto News: To the delight of many Milady NFT holders, Elon Musk tweeted a meme on Wednesday that featured the easily recognizable character from the NFT collection with the words “There is no meme, I love you.” Following this, the floor price of the digital collectible skyrocketed to new heights on the OpenSea marketplace.
Musk’s Tweet Sparks NFT Rally
The entry-level price for the collection on crypto markets quickly increased from 3.75 ETH ($6,920) to 5.70 ETH ($10,371), as seen by statistics from the leading NFT marketplace. According to information obtained, sales of Milady NFTs increased by a factor of 500% over the previous twenty-four hours as of Wednesday afternoon, and the floor price increased by nearly half.
Read More: UAE’s Top Royal Shorts US Stocks On Recession Fears, Bitcoin’s Price In Danger?
However, it’s not the first time that Musk has used Twitter to cause a jump in digital asset prices; the Milady meme comes as the most recent example. After Musk updated Twitter’s official logo to feature the popular canine meme depicting a Shiba Inu dog, the price of Dogecoin rallied over the course of the previous month.
— Elon Musk (@elonmusk) May 10, 2023
Milady NFT’s Past Controversy
In recent times, the Milady NFT collection has been shrouded in numerous controversies. The NFT prices dropped drastically last May after the inventor of Milady Maker — Charlotte Fang — admitted that she ran a pseudonymous Twitter account in which she sent racist and abusive messages.
OK, full disclosure: I was Miya. And its toxic baggage that’s hurting Milady community & poisoning the vibe. I apologize about trying to hide the past account—Miya has nothing to do with Milady Maker & should stay that way so I’ll be stepping down from the team from here.
— ♡ Charlotte Fang 🐉 Crown Prince (@CharlotteFang77) May 21, 2022
Miladys are a type of profile-pic (PFP) NFT that consists of around 9,823 NFTs displaying faces like those of young children with anime-styled wide eyes.
Also Read: Ethereum-Linked to Vitalik Buterin on the Move, is a Selloff Incoming?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Why is the Crypto Market Down Today? BTC, ETH, XRP Lead Drop
- SEC Crypto Task Force Hosts Financial Privacy Roundtable Today: What to Expect
- Breaking: Kevin Warsh Now Favorite to Replace Powell After Hassett’s Fed Chair Bid Faces Pushback
- First Hyperliquid ETF Launch ‘Imminent’ as Bitwise Files Amended S-1 With SEC
- XRP News: Ripple’s RLUSD Eyes Wider Adoption as Stablecoin Expands to Coinbase’s L2 Base
- Bitcoin Price Weekly Forecast as Gold’s Surge Revives Inverse Correlation — Is $85K Next?
- Ethereum Price Risks $2,600 Drop Despite JPMorgan’s New Fund on its Network
- Analyst Confirm Pi Network Price Could Still Reach $1, Here’s When?
- Is Ethereum Price Set for a Rebound as a Prominent Whale Accumulates $119M After the Dip?
- XRP Spot ETF Records Nearly $1B Inflows While BTC and ETH Bleed- Is A XRP Price Reversal Ahead?
- Bitwise SOL ETF Records 33 Days of Nonstop Inflows- Is A Recovery to $150 Possible?
