A prominent crypto exchange platform is listing a new memecoin just days after billionaire #ElonMusk mentioned it in a tweet and sent it skyrocketing.
LADYS, which made its debut in the markets earlier this month, saw a staggering increase of over 2000% this week after Tesla CEO and business magnate Musk tweeted about it.
Previously, data from blockchain tracking platform Lookonchain found that a mysterious crypto wallet that was created just one hour before Musk’s tweet about the meme asset netted a massive 2300% profit from trading Milady.
“We found a mysterious address.
Created one hour before Elon Musk tweeted about Milady.
Withdrew 25 [Ethereum] ($45,362) from Binance and bought 8 trillion LADYS at $0.000000005652.
No other transactions. Is it a coincidence?”
However, #LADYS has heavily retraced from its peak as its trading for $0.00000005732 at time of writing, a 57.22% decrease during the last 24 hours. At the time it was sold by the crypto wallet, it was moving for $0.000000135961.
