Key Points:
According to the announcement, the cross-chain bridge does not charge any protocol fees, and users only need to pay the gas fee.
Additionally, Milady announced that until May 16 at 8:30 a.m. UTC, the user with the highest trading volume fromEthereum to Arbitrum would receive a reward of Milady NFT.
Despite the positive news, sugar like this memecoin is starting to cool down after the massive bull run. Currently, LADYS recorded a decrease of 22% in the last 24 hours and is trading at $0.0000001114.
Memecoin “following” the NFT Milady collection suddenly skyrocketed thanks to the Elon Musk effect.
As reported on the evening of May 10, posted by Elon Musk, the price of the NFT Milady collection increased by more than 50%. But the Elon Musk effect also unintentionally helped push the memecoin “following” the NFT Milady set to increase equally strongly.
Specifically, after the Tesla boss posted photos of Milady, some speculators began to search for Milady-related projects to take advantage of the FOMO wave. And quickly, the community found out that the “follow-up” memecoin project is Milady Meme Coin (LADYS), just created a few days ago.
Although LADYS is not an official project of Milady “or not equal to luck,” memecoins are usually not based on “reason” but only on community.
According to on-chain data, several addresses have significantly profited from this memecoin transactions. Address “0x3269” bought 9.17 trillion LADYS (now worth $1.35 million) with just 3.31 Ethereum (about $6,189), generating a profit of $1.35 million – a doubling 218 times. Similarly, address “0xc484” bought 8.03 trillion LADYS (current value $1.18 million) for 24 Ethereum ($44,317), making a profit of $1.14 million – up 26 times more.
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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