🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!

Elon Musk's Tweet Sends Milady Non-Fungible Token Floor Prices Skyrocketing

Elon Musk's Tweet Sends Milady Non-Fungible Token Floor Prices Skyrocketing

Elon Musk's comments, yet again, have a huge impact on the crypto industry.

A tweet by Elon Musk featuring a Milady non-fungible token (NFT) meme led to a dramatic increase in the collection's floor prices.

On May 10th, an American entrepreneur Elon Musk shared a meme using imagery from the Milady NFT collection.

What is an NFT? (Explained with Animations)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is an NFT? (Explained with Animations)

What is an NFT? (Explained with Animations) What is an NFT? (Explained with Animations)

In response, Milady NFTs' floor prices climbed from 3.8 Ether (ETH) to 7.3 ETH before stabilizing at 5.05 ETH. At current ETH prices, the NFTs surged from around $7,000 to over 13,000.

The Milady collection was created in 2021 by the digital arts group Remilia, comprising 10,000 anime-style profile picture NFTs influenced by "street style tribes." Artist Charlotte Fang, who established the Remilia decentralized autonomous organization (DAO), also contributed to the design of the series.

The name "Milady" is derived from the term "my lady," which has evolved from a polite address for noblewomen to a satirical reference to excessive chivalry and "nice guys" on the internet.

Interestingly, Elon Musk has engaged with the term before. Four years ago, he tweeted the phrase along with "my shield is yours."

It is not the first time Elon Musk's tweets have left a mark on the crypto industry. However, previously, the majority of surges were linked to Dogecoin (DOGE). At the end of January, Dogecoin price surged by almost 10% after the news broke that Elon Musk, the owner of Twitter, ordered Twitter developers to build the platform's payment system so that it would be able to support crypto in the future.

However, the most significant surge happened at the end of November 2022, when Elon Musk claimed he plans to make Twitter "the everything app." At that time, the DOGE price surged by almost 20%.

Elon Musk's tweets continue to demonstrate their significant impact on market trends, as the mere mention of Milady NFTs triggered substantial activity within the digital art space.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

Loading...
binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating