Elon Musk’s tweet sends Milady Maker NFTs soaring in price

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https://t.co/4s6HwnCY74, tags: elon milady maker nfts - @elonmusk (twitter)
https://t.co/4s6HwnCY74 – @elonmusk (twitter)

The prices of Milady Maker NFTs spiked on May 10 after Twitter CEO and owner Elon Musk posted a meme featuring an anime-style Ethereum NFT profile picture on the platform.

According to data from NFT Price Floor, the price floor for Milady Maker stands at 4.55 ETH ($8,326) at the time of writing. Its 24-hour trading volume reached 8,209.6 ETH ($15,067,205), accompanied by 1,538 sales.

The message displayed on the image said, “There is no meme. I love you.” Within an hour, the image garnered over 4 million views and received tens of thousands of interactions.

Milady Maker responded to Musk’s tweet by sharing an image from the collection, featuring text overlaid that conveys a message of empowerment and self-assurance. The text reads, “Sometimes I get scared but then I remember. I am Milady. I have already won. I am loved. I am powerful. I am divine. I love you.”

Musk’s Twitter activity has been known to trigger price surges in digital assets. This pattern has been observed in the case of Dogecoin, where the cryptocurrency experienced a significant price rally after Musk incorporated the popular Shiba Inu dog meme into Twitter’s official logo.

According to Joan Donovan, the research director at Harvard’s Shorenstein Center on Media, Politics and Public Policy, Musk’s tweets are not just casual actions.

Instead, they are seen as a strategic power move with significant political implications. Given Musk’s status as one of the wealthiest people globally, his acquisition of a social media company is a deliberate attempt to exert influence over both the cultural sphere and the media landscape.

Milady Maker NFTs, controversies

In 2021, Remilia Creative, the group responsible for developing Milady Maker, launched the Milady collection as 10,000 NFT anime profile pictures. Artist Charlotte Fang, who played a pivotal role in founding the Remilia DAO, contributed to the design.

The NFTs feature a distinct “neochibi aesthetic.” The collection comprises NFTs of different rarities, with the most scarce and coveted ones categorized as “SS.”

Within a month of its introduction, a spin-off collection of Milady — that B.I.T.C.H. — drew attention when certain avatars were observed wearing shirts with the word “Treblinka.” This term is widely recognized as a notorious Nazi concentration camp.

Remilia addressed the issue in a statement, clarifying that it was an unintentional error and that the text on the Miladys’ t-shirts was generated randomly.

Some people on Twitter have alleged that Remilia is associated with a previous white supremacist organization known as Kaliyak, short for Kali Yuga Acceleration.

In May 2022, the floor price for Milady NFTs experienced a decline of over 50 percent following allegations concerning the involvement of Fang in several fringe ideologies on the anonymous imageboard platform 4chan.

After initially denying any affiliation with the account, Fang eventually disclosed that he was the individual behind the pseudonymous Twitter account named “Miya.” In a statement shared on his Twitter account, Fang explained his decision to step away to avoid causing any further damage to the reputation of the NFT project.

Despite the controversies surrounding it, Milady has succeeded in preserving its popularity within Web3 communities. Besides Musk, the collection also received support from Su Zhu, the co-founder of the bankrupt Singaporean hedge fund Three Arrows Capital. As a Milady collector, Zhu promotes the collection to his followers.

Some NFT traders and professionals in the crypto industry have adopted Miladys NFTs as a “wartime” meme. They share the Milady artwork on social media platforms, particularly during heightened cryptocurrency scrutiny by regulatory bodies like the U.S. Securities and Exchange Commission.


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