A recent tweet from Twitter chief executive Elon Musk compelled the price of Milady’s nonfungible collection to gain bull steam and soar above 3000% over an hour. Musk shared a unique image with a meme-themed Milady coin.

The image was accompanied by the following slogan: "There is no more meme. I love you." It was reported that over four million Twitter users viewed Musk's post after he posted the Milady image.

Factors Contributing to Milady Price Increase 

Musk's tweet caused the price of Milady to begin a steady ascent, generating exhilaration among crypto investors and NFT holders. According to data from the NFT Price Floor, the entry-level cost of the digital collectible on the secondary market increased from 3.75 ETH to 5.25 ETH, or between $6,920 and $9,700. The surge represented a 57% increase over the last twenty-four hours.

Experts in cryptocurrencies have forecasted that the price may continue to rise in the wake of the recent price increase. In addition, they acknowledged that Musk's tweet provided the Milady NFT with a starting point to establish an upward trend.

The price increase of Miladys on May 10 mirrors a recent post by Elon Musk that prompted the dog-meme-themed cryptocurrency Dogecoin to overcome a long-standing resistance level. A report from the American cryptocurrency exchange OpenSea revealed that more than 600 NFTs with an aggregate value of 3,700 ETH, or $6.9 million, were recently acquired.

After a long time, the sale was rated among the finest.In addition to Musk's promotion of the Milady token, the co-founder of the now-defunct hedge fund Three Arrow Capital (3AC) exhorted customers to purchase the digital collectible.

Since last year, Milady has been at the center of controversy due to a pseudonymous tweet linked to an initiative known as Charlotte Fang, Remilia, and Charlie Fang. In May, it was observed that the price fell further after Fang shared inappropriate, racist content.

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Nature of Musk’s Tweet

In response to multiple inquiries from NFT holders regarding the tweet, the CEO of Milady acknowledged to sharing offensive content on Twitter. Later, he revealed his intent to leave the company.

The NFT has been labeled a wartime meme by traders and the crypto native community, in addition to Fang's remark. Due to the distinctive profile picture (PFP), the Milady NFT has gained in popularity.

The digital collection includes 9823 NFTs with the visage of a child and a large eye. In the interim, the Milady token has provided memes with a new level of power and demonstrated a tremendous capacity to create social currency.

Apparently, the competition to dominate the world of memes inspired me to pursue CEX listing. The Milady team announced intentions to be listed on CoinGecko on Tuesday.

Milady Market Outlook

In a previous report, the Milady developers pledged to allocate a substantial portion of their profits to initiatives promoting women's empowerment and gender equality. This action aided a significant number of social investors.

According to data from DWF Labs, investors have purchased over 15 million Milady native tokens $LADYS. As of this writing, the DWF experts observed that the crypto investors purchased 13,53 Ethers (ETH), amounting to $25000.

The enormous purchase indicated that investors were increasingly interested in Milaldy tokens. At the time of publication at 02:45 UTC, the LADY coin was trading for $0.00000007019, representing a daily increase of 6449.86%.

The CoinMarketCap data indicated that in the preceding twenty-four hours, LADY prices hovered below $0.0000000955. The trading volume reached $84,397,261, representing a daily increase of 9616.96%.