- Cryptocurrency Milady (LADYS) has seen a 46% surge over the past month.
- The token’s price has depreciated by 94% from its historical peak.
- Elon Musk’s meme featuring Milady NFT boosted the token’s market value.
The cryptocurrency Milady (LADYS), a meme coin, made a remarkable entrance into the crypto market, securing listings on prominent exchanges and rapidly attracting attention. Nonetheless, the extended bearish market trend, which has impacted the entire crypto sphere, has similarly influenced the performance of this token.
CoinMarketCap data reveals that the token is priced at $0.00000003932, marking a 2.51% decrease over the last 24 hours. Concurrently, its trading volume has experienced a 17% drop within the same timeframe. The token’s total trading volume currently stands at $34.84 million.
Nonetheless, the weekly price graph indicates a 20% appreciation in the token’s value. Moreover, the token has seen a remarkable 46% surge over the past month. This bullish trend is quite unexpected, given the bearish sentiment pervading the cryptocurrency market since the beginning of the month.
Despite recent bullish trends, the token’s price and market capitalization are significantly below their historical peak. From its zenith, the token has depreciated by 94% in value. This implies that investors who entered the market at its pinnacle are currently in a loss position.
The meme coin rapidly gained prominence in the market in May 2023, driven by the inspiration from an NFT collection. The creators assert that the token is a tribute to a universally admired and recognized NFT collection.
Beyond its introduction’s initial buzz, Elon Musk further fueled interest by posting a meme featuring a Milady NFT image. This tactic, previously employed with DOGE, led to a significant surge in the token’s market value and the overall sales of the NFT collection.
At its peak, the market cap of the meme coin exceeded $140 million. In May, the token’s trading volume skyrocketed beyond $1 billion.
