BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Sponsored
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Sponsored
Home Altcoins

Milady Memecoin Skyrockets After Musk Tweet and Exchange Listings

by Dan K
May 11, 2023 - 5:30 pm
in Altcoins
Graph illustrating the exponential growth of Milady memecoin (LADYS) after Elon Musk's tweet and exchange listings

Table of Contents

  • Elon Musk’s Impact on Milady Memecoin (LADYS)
  • A Meme Coin with No Intrinsic Value?
  • Major Exchange Listings Boost Popularity
  • Conclusion: The Power of Memes in the Crypto World

Elon Musk’s Impact on Milady Memecoin (LADYS)

On May 11, Milady (LADYS), the self-organized memecoin of the namesake anime avatar nonfungible tokens (NFT) collection, surged by over 5,250% within 24 hours to trade at a $0.0000001528 at the time of publication. The day prior, American business magnate Elon Musk tweeted a meme using the imagery of a Milady NFT, sending the average Ether sale price of the collection soaring.

According to token developers, LADYS has “no association” with Milady creator Charlotte Fang or Milady Maker. The token “is simply paying homage to an NFT collection we all love and recognize.”

A Meme Coin with No Intrinsic Value?

“$LADYS is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.” However, investors have found LADYS to encompass more than just meme value. At the time of publication, the total diluted market capitalization of the token surged past $140 million with a 24-hour trading volume of $230 million. According to the token’s website, the total supply of LADYS is 888 trillion. The website further explains:

“94% of the tokens were sent to the liquidity pool (LP). LP tokens were burnt, and the contract is renounced.”

Major Exchange Listings Boost Popularity

Until earlier this week, the token was only available on the decentralized exchange Uniswap. The token has soared in popularity after multiple major cryptocurrency exchanges listed it on May 11. Some exchanges, such as Bybit, offered LADYS prize pools to incentivize deposits. Others, such as Bitget, seem to have remained true to LADYS’ meme nature in supporting its listing decision:

“LADYS is the tokenization of the fully memetically optimized white pill. LADYS is a self-organized meme coin. LADYS is the drip currency. LADYS are the points for karma, charm and beauty. LADYS is the accumulation of clout.”

Conclusion: The Power of Memes in the Crypto World

In conclusion, the rapid surge in Milady memecoin’s (LADYS) value demonstrates the power of meme culture and influential personalities like Elon Musk in the world of cryptocurrency. Despite its creators’ claims that the coin holds no intrinsic value, investors have flocked to it, pushing its market capitalization to impressive heights. The listings on major exchanges have further boosted the token’s popularity, solidifying its position in the crypto landscape. The Milady memecoin (LADYS) story is a testament to the unpredictable nature of the market and the undeniable influence of memes on investor sentiment.

Tags: ElonMuskMemecoinMILADYSNFT
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Elon Musk with the Dogecoin logo in the background, symbolizing his alleged involvement in Dogecoin market manipulation and insider trading.

Elon Musk Faces Amended Class-Action Lawsuit Alleging Dogecoin Insider Trading

June 1, 2023

Elon Musk faces an amended class-action lawsuit from Dogecoin investors accusing him of insider trading and price manipulation...

A portrait of Dr. John Forsyth, ONFO Coin Co-founder, found dead in the United States

Tragic End: ONFO Coin CEO Dr. John Forsyth Found Dead Under Mysterious Circumstances

June 1, 2023

A tragic discovery - ONFO Coin's CEO Dr. John Forsyth is found dead a week after his unexplained...

Graph showing the 14.4% increase in INJ price following Injective Protocol's Avalon upgrade

Injective Protocol’s Avalon Upgrade Sparks INJ Token Price Rally

May 29, 2023

Avalon upgrade from Injective Protocol has driven the price of INJ up by 14.4%. The upgrade advances the...

Elon Musk with the Dogecoin logo in the background, symbolizing his alleged involvement in Dogecoin market manipulation and insider trading.

Elon Musk’s Dogecoin Caution: Dogefather Advises Not to Bet Big on Crypto

May 24, 2023

Elon Musk loves DOGE for its humor and dogs but warns crypto enthusiasts not to go all in...

Press Releases

pulse x

Amsterdam Gets with the Dutch Blockchain Days the Biggest Event of the Benelux in the Field of Blockchain, Crypto Currencies, NFTs and Other Web3 Developments

May 8, 2023

Discover the future of blockchain, crypto, NFTs, and Web3 at Dutch Blockchain Days, the largest event in Benelux.

pulse x

Korea Blockchain Week 2023 Set to Push the Boundaries after Record-Breaking 2022 Event

May 8, 2023

Korea Blockchain Week 2023 returns after a highly successful 2022 event, featuring leading experts and the latest trends in blockchain...

pulse x

Istanbul Will Be Hosting Eurasia’s Largest Blockchain Event Once again on May 8–11, 2023

May 8, 2023

Join Eurasia's largest blockchain event, the Blockchain Economy Istanbul Summit, May 8-11, 2023, and discover the future of financial technology.

pulse x

Hong Kong Web3 Festival 2023, Hong Kong’s Largest-Ever Premier Digital Asset Event, is here. A Platform for Worldwide Leaders to Discuss the Latest Web3 and Blockchain Trends

May 8, 2023

Join Hong Kong Web3 Festival 2023, the largest-ever digital asset event, co-hosted by Wanxiang Blockchain Labs and HashKey Group.

View All
BTC-Pulse LogoTransparent

© 2023 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2023 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise