What's Milady NFT? New Memecoin Presale Reached $18M in 2 Hours
The famous NFT collection Milady raised $18 million in just two hours after announcing the pre-sale of its new Solana-based memecoin.
Milady Wif Hat, a new Solana-based memecoin inspired by Dogwifhat (WIF), has quickly raised 88,888 SOL or $18 million dollars in a pre-sale. In a statement, the Milady NFT collection team said that the desired amount has been fully raised, and the remaining money will be returned to the owners, which only confirms the high interest and demand for the Milady NFT collection of 10,000 anime-inspired avatars.
🎩 Milady Wif Hat presale is now live! 🚀
— Milady (@miladymemecoin) March 18, 2024
Presale is live for the ever-fashionable SOL-loving Milady wif hat. Sending some love to the SOL community now 💗
Wallet address : 4K9tmyjpdu9ogw95JRTZkPkNppw8v1gnuGHBaYir96tt pic.twitter.com/1VdUjilB1E
One of the factors behind memecoin's growing popularity was the support of Su Zhu, co-founder of Singapore-based hedge fund Three Arrows Capital. On his X account, he raved about the project's memecoins.
Yo what up milady fam! Had to sweep some miladys after hearing you have the best memes in web3! Is milady follow milady still a thing?! Anyways, hell yeah let’s see what this community’s all about! It’s moon time my degens aha 😎 WAGMI nft sistas 🚀🔥💯
— 朱溯 🐂 (@zhusu) March 6, 2024
The Milady Wif Hat memecoin will be part of the Milady NFT ecosystem, a project that received a mixed reputation last year. Despite the NFT project's growing popularity, its founder admitted that she once ran a pseudonymous Twitter account that shared racist and offensive messages. She eventually resigned from the project's team.
OK, full disclosure: I was Miya. And its toxic baggage that’s hurting Milady community & poisoning the vibe. I apologize about trying to hide the past account—Miya has nothing to do with Milady Maker & should stay that way so I’ll be stepping down from the team from here.
— ♡ Charlotte Fang 🐉 Crown Prince ❀ LOVE HEALS 💞 (@CharlotteFang77) May 21, 2022
Last year, Elon Musk also backed Milady NFT by posting a meme with an image from the collection, causing the collection's floor price to rise 57% overnight $6,920 to $9,700. The launch of Milady Wif Hat also caused the price of the collection to skyrocket, reaching a high of $19,000 per piece.
Meanwhile, yesterday, hackers managed to break into the Remilia treasury owned by the decentralized autonomous organization responsible for the Milady Maker project. The scammers withdrew about $1 million dollars in ETH and several NFTs. As a matter of fact, in September 2023, one of the Milady developers embezzled $1 million dollars in generated fees.
