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Milady NFT floor price increases following Elon Musk’s tweet

Milady NFT floor price increases following Elon Musk's tweet

The Twitter CEO shared a gif of the counterculture NFT proclaiming “There is no meme, I love you,” catapulting the collection to the top of the marketplace’s trending list.

Wednesday, Twitter CEO Elon Musk delighted fans of the counterculture non-fungible token (NFT) collection Miladys by sharing a meme with the instantly recognizable image of one of the avatar NFTs and the words “There is no meme, I love you.”

The collection quickly ascended to the top trending position on the NFT marketplace OpenSea, with the floor price momentarily reaching a record high of 7.3 ETH (approximately $13,700) before falling back to 5.6 ETH at press time.

The collection’s floor price has increased by 59% over the past week. Miladys are a profile-picture (PFP) NFT made up of 9,823 NFTS with faces that look like they are wide-eyed children.

Despite the benign imagery, the collection has been the subject of controversy due to conspiracy theories and slurs shared by the creator of Remilia and the project, also known as Charlotte Fang, Charlie Fang, or Charlemagne. The CEO of Remilia acknowledged he was behind an offensive Twitter account and other offensive posts, and he subsequently left the project.

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