Key Points:
Just a few short days after billionaire Elon Musk mentioned a new memecoin in a tweet, which caused its value to skyrocket, a popular cryptocurrency exchange has decided to sell the memecoin.
Milady Meme Coin (LADYS) has been added to the Crypto.com App’s list of supported cryptocurrencies and stablecoins, bringing the total number of such assets to over 250. Users of the Crypto.com App can now make purchases of LADYS at genuine pricing using USD, EUR, GBP, and more than 20 additional fiat currencies.
Following a tweet by the CEO of Tesla on the cryptocurrency LADYS earlier this week, the stock had a phenomenal increase of more than 2,000% during the previous trading week.
In the past, information obtained from the Lookonchain website found that a mysterious cryptocurrency wallet that had been created barely an hour before Musk’s tweet had generated a massive profit of 2300% from the Milady transaction.
“We discovered what appears to be a mystery address. Produced sixty minutes before Elon Musk tweeted about Lady Milady. I withdrew 25 Ether from Binance, which is equivalent to $45,362, and I purchased 8 trillion LADYS for $0.00000005652. There will be no delivery of any other interpretation. Is that just a coincidence?
However, this new meme coin LADYS has experienced a significant decline after reaching its all-time high, and as of the time of this publication, it was trading at $0.0000005732, representing a decrease of 57.22% over the course of the previous day.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Chubbi
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