From DOGE to Milady, Has Elon Musk Changed Focus?

From DOGE to Milady, Has Elon Musk Changed Focus?

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Key Point

  • Milady’s token spiked hours after Elon Musk’s “there is no meme” tweet about the token

Whenever he tweets about a token, it goes up; that is how influential Mr. Musk is; before, it has always been DOGE, but this time, it is Milady token.

Mr. Musk, who is popularly known as “DOGE Father” in the crypto space, seems to have taken up a new meme coin job; probably, he’s trying to change his investment strategy or attempting to diversify his crypto portfolio. 

On May 11, Elon Musk took to Twitter to post an image about Milady token, and like it used to happen with DOGE and SHIB, the price of the token spiked by over 9,000%; therefore, if you’re one of the lucky ones who bought the token before Musk tweet, you must be feeling like you’ve made one of the best investment choices by now.

Created by Charlotte Fang in 2021, Milady NFT has collections of 10,000 NFT profile pictures, according to Opensea, an NFT marketplace. 

According to CoinGecko, Milady NFT was trading at 3 ETH prior to Mr. Musk’s tweet, and after the tweet, the price skyrocketed to about 5.7 ETH.

The recent spark in the price of Milady’s NFT looks like the NFT has been revived after plummeting in value by roughly 50% in 2022 after an allegation against the NFT creator Charlotte Fang on his involvement in fringe ideologies on the anonymous imageboard site 4chan.

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