Elon 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.

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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.

pic.twitter.com/4s6HwnCY74

— 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.

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