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Just as a single cryptic tweet from Elon Musk has sent the price of Dogecoin (DOGE) soaring to the moon, Milady (LADYS) saw a swift rally by over 5,000% in just 24 hours after a tweet by Musk on May 11, 2023.
The meme coin wasn’t the only one that benefited from Musk's tweet: the non-fungible token (NFT) collection that inspired it, Milady Maker, also saw its floor price jump from 3.75 to 5.25 ETH in the secondary markets.
Could this spark a revival for the Milady NFT collection, which had seen its prices plunge last May after being mired in a controversy? Let's dig deeper.
Key Statements:
Milady (LADYS) experienced an astonishing rally of over 5,000% within 24 hours after a tweet from Elon Musk on May 11, 2023, similar to the impact of his tweets on Dogecoin (DOGE).
The Milady Maker NFT collection, which inspired the LADYS meme coin, also saw an increase in floor prices in the secondary markets, potentially reviving the collection after its previous controversy.
LADYS is a meme coin created by enthusiastic supporters of the Milady Maker NFT collection. It aims to be the “drip currency” of Milady, although it’s not officially affiliated with the NFT collection.
Milady Maker is an NFT collection of 10,000 neochibi-aesthetic-inspired profile pictures (PFPs) with art and design by two pseudonymous Twitter users, Milady Sonora and Charlotte Fang, respectively. The adorable avatars with funky clothes are said to have been inspired by Japanese street-style tribes, with each avatar having its own drip score rating its overall stylishness.
Besides the PFPs, Milady Maker also has other features for its community: Milady VRtube (featuring Milady VTube avatars), Milady rave parties in major cities such as New York and Tokyo, Milady merch, and even a metaverse.
A hype during its genesis generated a sky-high selling price of $6,000 for one of these NFTs in mid-April 2022. However, things didn't remain rosy for long for the Milady community. Just a month later, Charlotte Fang was accused of being "Miya" — a pseudonymous neo-Nazi individual holding bigoted views against Blacks, homosexuals, transsexuals, Jews and women.
Fang initially denied the allegations, but amidst mounting evidence collected by decentralized finance (DeFi) developer 0xngmi, she finally confessed that she was Miya, and announced that she was stepping down from the Milady NFT team. However, she still insisted that Miya’s was merely a troll account, and that her real views were nothing like that. Still, the damage was done. After her announcement, the Milady NFT price plunged by over 60% and only recovered a year later.
On May 11, 2023, Elon Musk tweeted a meme featuring the Milady Maker NFT, which caused both the Milady NFT and Milady Meme Coin prices to skyrocket.
Just as the PEPE meme coin has turned its darker origins around, LADYS is seen by Milady Maker NFT supporters as the savior of the controversial NFT collection. In reference to Milady's drip score for its avatars, LADYS calls itself the “drip currency” of Milady. Despite this, LADYS is not affiliated with the Milady Maker NFT collection in any way. Zealous Milady NFT fans created it to pay homage to the Milady Maker NFTs.
While it has no formal road map, the Milady Meme Coin team has listed three phases of development for LADYS to hopefully achieve over time.
The first phase is dedicated to helping LADYS trend on Twitter and listing it on both CoinGecko and CoinMarketCap, while the second involves community partnerships and centralized exchange listings with a goal of 10,000 holders. The third and final phase outlines the Milady Meme Coin team's goal of taking over the internet, with the lofty target of making LADYS the quintessential token for internet spirituality and listing it in tier-one centralized exchanges with over 100,000 holders.
LADYS has a capped total supply of 888,000,888,000,888 tokens. Of these, 94% have been sent to the Liquidity Pool and burned, 1% were airdropped to PEPE and Milady NFT holders, and the remaining 5% are stored in a multisig wallet, which can easily be tracked via the ENS name "miladymeme.eth." Like PEPE, all of its transactions incur no taxes, thereby minimizing its transaction fees.
You can buy the Milady Meme Coin on decentralized exchanges such as Uniswap, or top centralized exchanges like Bybit. LADYS can be purchased by creating an account and funding your wallet with USDT. After your account has received funding, you can trade LADYS as a Spot pair (LADYS/USDT) manually or with the Bybit Spot Grid Bot. You can also trade LADYS as USDT Perpetual (10000LADYSUSDT).
If you choose to deposit a minimum of 500,000,000 LADYS with Bybit from May 11, 2023, 9:00AM UTC–May 25, 2023, 9:00AM UTC, you’ll earn a chance to win from Bybit's 250,000,000,000 LADYS Prize Pool!
As of May 15, 2023, LADYS has a market cap of $125.63 million and is priced at $0.00000014. This price marks an almost 20,000% increase from its all-time low of $0.00000000073 on May 10, 2023, and a decrease of 18% from its ATH of $0.00000017 on May 11, 2023.
Analysts hold similar views toward the Milady Meme Coin, predicting an overall price increase over the years. Gate.io anticipates a rise of 57% in 2025 to an average of $0.00000022, followed by a sharp climb of over 250% in another five years to reach $0.0000005 in 2030. DigitalCoinPrice is even more bullish, expecting a smooth upward trend to $0.000001 by 2030.
Despite the claim that LADYS has no formal team or road map, and that the token is a useless meme coin, its rapid graduation from its first road map phase to its second indicates the potential for LADYS to be a valuable investment in the long term.
However, it’s vital to remember that meme coins are particularly volatile. With this in mind, it would be wise to diversify your investments and include some blue chip crypto in your portfolio to prevent devastating losses.
Could the Milady Meme Coin be the next Dogecoin, or is it just a burst of fireworks set to sizzle out in the night? While the future remains to be seen, the recent trajectory of LADYS makes it an intriguing meme coin to consider adding to your crypto arsenal.
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