The Price of Miladys NFT Meme Increases After Tweets from Elon Musk

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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.

The tweet not only sparked a frenzy of excitement and enthusiasm among Miladys NFT holders and others in the Web3 sphere, but it also caused the price of the assets to skyrocket.

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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