Million-Dollar Profits: Top LADYs Meme Coin Holders Cash In on Musk Tweet

Million-Dollar Profits: Top LADYs Meme Coin Holders Cash In on Musk Tweet

Milady NFT collection prices retract after holders take profits on Elon Musk tweet, despite top LADYs meme coin holders sitting on millions of dollars in unrealized profits.

Top holders of LADYs meme cryptocurrencies are sitting on unrealized profits worth millions of dollars.

Prices of our  trending Milady Non-Fungible Token (NFT) collection have retracted profits from the past weeks as holders likely took profits on a move influenced by an Elon Musk (Tesla & SpaceX CEO) tweet.

Earlier in May, the Milady collection spiked after receiving acknowledgment from Twitter owner Musk who tweeted a image of a Milady avatar with the words “ There is no Meme Coin, I love you” overlaid on the image. Each Non-Fungible Token (NFT) traded for 3.4 ether at the time.

That instantly prices surged as much as 200%, each Milady fetching $13,700 worth of ether (ETH) at the peak. Elsewhere, an unrelated LADYS crypto token spiked thousands of percent, reaching a market cap of over $120 million.

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All profits have since reversed, as the Non-Fungible Token (NFT) collection is now back at prices before Musk’s tweet, data from OpenSea analytics shows, dropping to as low as 3.2 ether per Non-Fungible Token (NFT) on Thursday.

This is similar to the price action seen in Dogecoin (DOGE) (DOGE) – which enjoys Musk’s support – which typically spikes whenever it is mentioned by the entrepreneur. These jumps are short-lived, on the other hand, as traders and automated bots pile on the crypto tokens mentioned by Musk following his Twitter comments only to sell for a handsome profit days afterward.

This is typically seen in price charts as a short-term spike and a gradual sell-off.

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Sam Reynolds.


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