Milady Meme Coin (LADYS) experienced a meteoric rise of 11607% in just 24 hours after billionaire entrepreneur Elon Musk’s Twitter post.
Elon Musk tweeted “No memes, I love you” along with a character from the Milady Maker NFT project. Reaching approximately 25.1 million people, the tweet garnered more than 202,000 likes and more than 20,000 retweets.
— Elon Musk (@elonmusk) May 10, 2023
NEWS CONTINUES BELOW
Koinfinans.com As we reported, according to crypto data provider Lookonchain, Elon Musk received an address about an hour before sharing the said tweet. created. This address has purchased a total of 8 trillion LADYS at an average price of $0.000000005652. The ETHs used for the purchase were worth around $45,362 at the current price of Ethereum. As stated by the data service provider, the address has not subsequently made any further purchases.
LADYS has recorded more than $174 million in trading volume in the last 24 hours and a market capitalization of over $127 million at the time of this writing.
Resurgent meme coin interest
Meme coins have been at the center of the recent bullish rally in the digital currency ecosystem. Meme coins like BONK, PEPE recorded massive rallies.
It seems that waning interest is now being revived by LADYS. For this reason, in the long run, we may see other meme coins recovering their own prices. Many in the industry are watching LADYS and some are preparing to follow its latest listing on the MEXC Global market.
You can follow the current price action here.