Milady Token Surges After Elon Musk Tweet

Milady Token Surges After Elon Musk Tweet

Milady (LADYS) is a self-organized memecoin named after an anime avatar nonfungible tokens (NFT) collection. Within 24 hours, the token surged over 5,250% and was trading at $0.0000001528 at the time of publication. The surge in token value occurred after Elon Musk tweeted a meme using the Milady NFT imagery, which sent the average Ether (ETH) sale price of the collection skyrocketing.

LADYS Token Value and Supply

The creators have stated that LADYS is “a meme coin with no intrinsic value or expectation of financial return” and “completely useless and for entertainment purposes only.” However, at the time of publication, the total diluted market capitalization of the token had risen to over $140 million, with a 24-hour trading volume of $230 million. The total supply of LADYS is 888 trillion, with 94% of the tokens sent to the liquidity pool (LP). LP tokens were burnt, and the contract is renounced.

LADYS Listing on Major Cryptocurrency Exchanges

Until recently, the token was only available on the decentralized exchange Uniswap. However, after multiple major cryptocurrency exchanges listed it on May 11, the token’s popularity soared. Exchanges such as Bybit offered LADYS prize pools to incentivize deposits, while others, such as Bitget, seem to have remained true to LADYS’ meme nature in supporting its listing decision. The token has found favor with investors who have found LADYS to encompass more than just meme value.


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