Funny coin Milady (LADYS) made a remarkable entry into the cryptocurrency market by signing up on major exchanges and quickly gaining attention. However, the prolonged bear market, which has damaged every corner of the cryptocurrency industry, has had an equal impact on the token’s effectiveness.
According to data from CoinMarketCap, the token’s value is $0.00000003932, down 2.51% over the past 24 hours. Additionally, its trade volume fell by 17% during the same time frame. The token now has $34.84 million in total trade volume.
However, the weekly value chart shows that the token’s value has increased by 20%. The token has also increased by a stunning additional 46% during the past month.
Despite recent encouraging performances, the value and market cap are still well behind their all-time high. The token has lost 94% of its value after reaching its maximum efficiency. Consequently, those who bought the token are now holding it at a loss.
The meme coin gained instant notoriety in the market in May 2023 after being inspired by an NFT assortment. The token is “merely paying homage to an NFT assortment all of us love and acknowledge,” according to the designers.
Elon Musk tweeted a parody using the image of a Milady NFT in addition to the excitement that surrounded its launch. The tweet led to a pump, as was previously observed with DOGE, which dramatically increased the sales value of the token and NFT collection.
The meme coin’s market valuation exceeded $140 million, adding to its reputation. The token’s sales volume increased by over $1 billion in May.
