MiladyMemeCoin

Cult Token Launch and Initial Success
Cult, the highly anticipated cryptocurrency from the creators of the Milady NFT project, officially launched on Thursday, reaching an impressive fully diluted valuation (FDV) exceeding $600 million. This Ethereum-based memecoin went live around 7 PM EST, with the team announcing the start of the token generation event (TGE).
Immediately after its launch, the token's FDV surged to a peak of $845 million. As of now, it has settled at approximately $630 million, reflecting some price fluctuations following its initial surge.
Pre-Sale Support and Tokenomics Structure
Remilia Corporation, the team behind notable NFT projects like Milady Maker and Redacted Remilio Babies, first announced plans for the Cult token in June this year. During the pre-sale phase, the team successfully raised over $20.5 million.
The tokenomics of the project, disclosed during the pre-sale, revealed that half of the total supply of 10 billion tokens was allocated to the "Cult Fund." Of this, 50% was distributed at launch, with the remaining half reserved for seasonal distributions.
The team retained 15% of the total token supply with an 18-month vesting period, while the project treasury received 20–35%, depending on pre-sale conditions, with a six-month vesting period.
Additionally, the token launch included an airdrop for holders of Remilia Corporation's NFTs, including Milady Maker and Redacted Remilio Babies.
Community Anticipation and a New Meme Coin Concept
The token's pre-sale phase was accompanied by significant anticipation, fueled by cryptic and highly filtered memes shared by the Milady community on social media, sparking curiosity about its potential.
Charlotte Fang, the leader of Remilia, emphasized that Cult is not a standard memecoin and should not be regarded as a "Milady coin." She described it as an "ecosystem coin" representing a novel category of cryptocurrency: a "metamemecoin" or "memeplexcoin." According to Fang, Cult is designed as an ideological and self-organizing tool that embodies a revolutionary movement.
Pudgy Penguins Joins the Fray
Another major player in the NFT space, the Pudgy Penguins project, currently ranked as the second-largest NFT collection by market capitalization, also announced the launch of its own token, Pengu. The project revealed an airdrop of its official token, distributing over a quarter of the total supply to its community.
The launches of tokens like Cult and Pengu demonstrate how NFT projects are increasingly leveraging cryptocurrency markets to enhance ecosystem value and foster greater community engagement.

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