Since Musk’s tweet, sales of NFT Milady have increased by more than 2,000%. The minimum price of NFT Milady has increased several times since.
The Milady collection was created in 2021 by a group of digital artists called Remilia and consists of 10,000 anime avatars.
One of the group’s founders, artist Charlotte Fang, has been heavily involved in the creation of a collection of non-interchangeable tokens;
According to CoinGecko, the collection has a market capitalization of $88 million as of May 16 and a daily trading volume of $89.5 million.
Meanwhile, Lookonchain analysts found suspicious transactions linked to DWF Labs.
In response, developer Milady added the top three token holders to its blacklist, including 109 trillion LADYS (approximately $15 million). Funds from these addresses cannot be withdrawn.
Elon Musk often shows his sympathy for another cryptocurrency, DOGE.
He has repeatedly contributed to the growth of Dogecoin with his statements, and even temporarily put an image of DOGE on the Twitter logo.
Musk was sued for promoting this meme cryptocurrency and demanded compensation of $258 billion. Lawyers of the entrepreneur demanded to dismiss the suit. The proceedings are ongoing.