Elon Musk’s Tweet Sparks Price Surge For This Little-Known NFT

    Crypto News: To the delight of many Milady NFT holders, Elon Musk tweeted a meme on Wednesday that featured the easily recognizable character from the NFT collection with the words “There is no meme, I love you.” Following this, the floor price of the digital collectible skyrocketed to new heights on the OpenSea marketplace.

    Musk’s Tweet Sparks NFT Rally

    The entry-level price for the collection on crypto markets quickly increased from 3.75 ETH ($6,920) to 5.70 ETH ($10,371), as seen by statistics from the leading NFT marketplace. According to information obtained, sales of Milady NFTs increased by a factor of 500% over the previous twenty-four hours as of Wednesday afternoon, and the floor price increased by nearly half.

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    However, it’s not the first time that Musk has used Twitter to cause a jump in digital asset prices; the Milady meme comes as the most recent example. After Musk updated Twitter’s official logo to feature the popular canine meme depicting a Shiba Inu dog, the price of Dogecoin rallied over the course of the previous month.

    Milady NFT’s Past Controversy

    In recent times, the Milady NFT collection has been shrouded in numerous controversies. The NFT prices dropped drastically last May after the inventor of Milady Maker — Charlotte Fang — admitted that she ran a pseudonymous Twitter account in which she sent racist and abusive messages.

    Miladys are a type of profile-pic (PFP) NFT that consists of around 9,823 NFTs displaying faces like those of young children with anime-styled wide eyes.

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    CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

    The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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