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Milady NFT Sales Surge After Elon Musk Tweet
Twitter CEO Elon Musk gave a huge boost to a specific non-fungible token (NFT) on Wednesday. Musk tweeted a meme featuring Milady NFT, which caused its popularity to skyrocket. The message on the photo reads: “It’s not a meme. I love you.” Due to this, the sale of Milady NFT increased by 500% in the last 24 hours, as reported by NFT Price Floor. Let’s take a closer look!
Milady NFT Collection hits record high after Elon Musk’s tweet
On Wednesday, Elon Musk, CEO of Twitter, made the day for Miladys’ fans sharing a meme with one of the iconic avatar NFTs, accompanied by the words “It’s not a meme, I love you.” As a result, the counter-culture NFT collection saw a surge in popularity, with sales of Milady NFTs increasing by 500% in the last 24 hours, according to NFT Price Floor.
The Milady NFT collection rose to the top of OpenSea’s trending list following Elon Musk’s tweet. The floor price should reach the record 7.3 ETH ($13,700) before falling back down. In the last week, the collection’s floor price has risen by 59%.
Data from the NFT Price Floor revealed that within 24 hours, the entry price of the Miladys collection on secondary markets rose from 3.75 ETH ($6,920) to 5.25 ETH ($9,700), resulting in a 57% increase. This price increase is reminiscent of Elon Musk’s previous influence on the price of Dogecoin. Meanwhile, NFT marketplace OpenSea reported a surge in sales across the market, with over 600 NFTs sold in the last hour alone. This amounted to approximately 3,700 ETH or over $6.9 million. Finally, the Miladys collection emerged as the top seller, surpassing all other products during this time.
Other projects are seeing a surge in popularity thanks to Musk’s Tweet
Milady’s NFT collection features 9,823 adorable, wide-eyed avatars, but it’s not all sunshine and rainbows. The creator, Charlotte Fang, aka Charlie Fang or Charlemagne, has been embroiled in controversy due to offensive posts and conspiracy theories. The Remilia boss admitted to being behind a Twitter account and offensive posts, which led him to leave the project.
Furthermore, crypto enthusiasts and NFT traders have adopted Miladys as a symbol of defiance in the ongoing regulatory battles surrounding digital assets. The Milady Maker artwork has become a rallying cry on social media. Some use it to express their frustration with the SEC’s crackdown on cryptocurrencies.
Elon Musk is no stranger to causing cryptocurrency price spikes through his tweets. Last month, Dogecoin’s value skyrocketed after Musk changed the platform’s logo to the famous Shiba Inu dog meme. Likewise, on Wednesday, other projects from Remilia Creative, the artist collective behind Milady NFT, saw a surge in popularity. For example, sales of Redacted Remilio Babies NFT increased by 660% in the last 24 hours.
As NFTs continue to gain more attention and hype, the question remains whether Milady NFT and other digital assets will maintain their value over time.
