Last Updated on May 11, 2023 by Bitfinsider
Milady Maker NFTs have increased in value today due to a tweet from Twitter owner and CEO Elon Musk, who shared a meme depicting one of the Ethereum NFT profile pictures (PFPs) designed in anime style.
The image simply shows “There is no meme. I adore you.” It has already been viewed more than 4 million times in less than an hour, and yielded tens of thousands of interactions.
According to data from NFT Price Floor, the entry-level price for the collection on secondary markets promptly jumped from 3.75 ETH ($6,920) to 5.25 ETH ($9,700), pushing its 24-hour rise to 57% in total. The increase recalls the past effect of Musk’s tweets on the price of the meme coin Dogecoin.
NFT marketplace OpenSea reports a market-wide sales surge, with over 600 NFTs in the collection sold over the last hour to the collective extent of about 3,700 ETH, or over $6.9 million worth. It’s by far the best-selling project during that span.
Milady Maker has been a controversial project, with NFT prices falling in May of last year after creator Charlotte Fang admitted to operating a pseudonymous Twitter account that posted bigoted and abusive tweets. Fang reported at the time that she had left the team.
Miladys NFTs have also become a “wartime” motif among some NFT traders and crypto industry professionals, who have used the Milady Maker artwork on social media in response to the SEC’s intensifying scrutiny of cryptocurrencies.
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