Key Points:

  • On-chain data shows that one address purchased a large number of LADYS tokens 1 hour before Elon Musk shared about NFT Milady.

  • Elon Musk shared a dynamic photo of Milady NFT on Twitter, and Milady’s floor price hit an all-time high of 7.3 ETH.

  • The number of this NFT transaction is 827, up 612%.

According to data from analyst Lookonchain, it was discovered that there was an address buying 8T LADYS tokens just 1 hour before billionaire Elon Musk’s tweet sharing about NFT Milady.

The data shows that this address was created 1 hour before the post shared by Billionaire Elon Musk. The mysterious address withdrew 25 ETH, equivalent to $45,362, from Binance and bought 8T $LADYS for $0.000000005652 and no other transactions.

We found a mysterious address.– Created 1 hour before #Elon_Musk tweeted about #Milady.– Withdrew 25 $ETH ($45,362) from #Binance and bought 8T $LADYS at $0.000000005652.– No other transactions.is it a coincidence? pic.twitter.com/3IQLZefo7q

— Lookonchain (@lookonchain) May 10, 2023

On May 10, the crypto community stirred again before the latest move of billionaire Elon Musk. This time, instead of talking about Dogecoin (DOGE), the CEO of Tesla did something completely new, which was sharing an image of an NFT.

pic.twitter.com/4s6HwnCY74

— Elon Musk (@elonmusk) May 10, 2023

Billionaire Elon Musk suddenly posted a photo of NFT Milady, causing the price of this collection to increase sharply. The NFT series immediately made it to the top list of the OpenSea NFT market. The floor price once hit an all-time high of 7.3 ETH (about $13,700) and has now dropped to 5,169 ETH.

Source: OpenSea

Miladys is an NFT series consisting of 9,825 faces of children with big eyes. The NFT collection emerged in the crypto community in April 2022, but was also controversial because of the controversy related to the founder. Despite this, Milady was still bought by many and has since gained notoriety for being the NFT as the profile picture when the community criticizes an individual.

There is no denying the heat from the sharing of billionaire Elon Musk. According to data from NFT Price Floor, Milady’s trading volume in the last 24 hours has increased by more than 1000% to 4,522 ETH, with the number of transactions being 827, up 612% – all due to the effect of Elon Musk.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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