Milady meme coin (LADYS) has seen a meteoric rise of 7300% in just 24 hours following a tweet from a billionaire entrepreneur Elon Musk.
What happened: The tweet included a character from the Milady Maker NFT project and the caption “There is no meme, I love you.”
With a reach of almost 21.5 million people, the tweet received over 178,000 likes and more than 17,000 retweets and quote tweets.
It should be noted that Musk has supported meme coins in the past. He tweeted about it Dogecoins DOGE/USDwho went to the 2021 rally.
See more: The art of the future: Lisa Ray’s TheUpsideSpace brings NFTs to the fore
Why it matters: NFT project Milady Maker also saw an increase in sales volume over the past 24 hours, rising 4,781.99% to $8.4 million, according to NFT data website Cryptoslam.
This made Milady Maker the Top NFT by sales volume for the week totaling $11.22 million in revenue, up 261.3% from the previous week.
The meme coin frenzy continues to increase Pep coin (PEPE) was launched just two weeks ago and is already making it into the top 100 cryptocurrencies. After an increase of 8000% in one week, PEPE’s market cap currently stands at $582 million. However, the most recent trading price shows a 9.70% drop, with PEPE trading at $0.000001834.
Price promotion: At the time of writing, Milady Meme Coin traded at $0.00000006944.
Continue reading: Bitcoin, Ethereum, Dogecoin tumble despite inflation news: Analyst sees altcoins bleed in massive ‘settlement’ against Apex crypto
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