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A meme cryptocurrency shot up more than 7000% thanks to Elon Musk: what happened?

A meme cryptocurrency shot up more than 7000% thanks to Elon Musk: what happened?

Milady Meme Coin (LADYS) achieved a strong rebound in sales volume by 4,781.99% to $8.4 million.

Lady Meme Coin (LADYS) experienced a surprise spike of 7,300% in just 24 hours after a tweet posted by billionaire businessman Elon Musk. The tweet featured a character from the Milady Maker NFT project and the caption “no meme, I love you.”

With a reach of nearly 21.5 million people, the tweet has garnered more than 178,000 likes and more than 17,000 retweets and citations.

Miladi Maker is a popular NFT collection consisting of 10,000 generative PFP NFTs on the Ethereum blockchain. An anonymous online collective known as Remilia introduced these lo-fi, anime-inspired avatars in 2021. At first, the idea was to give holders access to a “highly personalized Minecraft server.”

The Milady Maker NFT project has also seen an increase in sales volume in the last 24 hours. It rose 4,781.99% to $8.4 million, according to data website NFT Cryptoslam.

That made Milady Maker the top NFT by sales volume for the week, with total sales of $11.22 million, which translates to a 261.3% increase from the previous week.

The craze around the cryptocurrency meme continues to grow. Pepe Coin (PEPE) was launched just two weeks ago and is already in the top 100 cryptocurrencies. After skyrocketing 8,000% over the course of a week, PEPE’s market capitalization currently stands at $582 million. However, the latest trading price shows that PEPE suffered a 9.70% drop and is trading at $0.000001834.

Source: Ambito

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