What is Milady (LADYS)?

Introduction

Milady meme coin pumped exponentially a few days after launch courtesy of a push by Elon Musk. In the bear market, it’s rare to see a project pull up great numbers within days of launch, and having a meme coin achieve this feat reveals how dynamic and unique the crypto market is. The narrative that only projects with a strong use case, innovative development team, and utility can pull up great numbers within days or a month of launch has been once again questioned with the success of Milady (LADYS), a project with no intrinsic value, no team, no formal roadmap and lacks utilities aside its use for trading. However, meme coins have over time proven the power of influencer hype, KOL endorsement, and community support.

This stellar performance was seen equally with PEPE, the frog meme coin that recorded over $2 billion market cap in a month after launch. Notable projects in the crypto space with awesome utilities often struggle to pull incredible market caps within a short period. Some take several years to achieve this feat.

Milady (LADYS) benefitted from the success of PEPE, with investors hoping for a similar outstanding performance as PEPE. Overall, their success heavily depends on influencer hype, FOMO, and overwhelming community support.

In this article, we will take a closer look at the Milady (LADYS) meme coin, its rise within the crypto market, and its prospects for the future. But, before we delve deeper, it’s important to understand what meme coins are and their characteristics when compared with other cryptocurrencies.

Introduction to Meme Coins

Meme coins are cryptocurrencies that originated from an internet meme or have a humorous characteristic, created to pay homage to a particular meme. There are countless meme coins with a total market cap of about 2% of the total crypto market according to CoinmarketCap. Meme coins are used in the broadest sense as a critique of the cryptocurrency market in its entirety. For instance, Dogecoin was launched primarily to mimic or make fun of Bitcoin.

Further, Meme coins are a powerful and engaging medium, a means of publicity for crypto adoption. However, they are highly volatile and greatly influenced by external factors such as news interest, influencer hype, market sentiment, the fear of missing out (FOMO), community support, etc. Overall, they are highly speculative, volatile, often created by anonymous founders, and have no intrinsic value. It has the potential to become popular instantly and equally crashes to nothing the next minute. The risk of losing money is significant but has high returns for success.

Historically, Elon Musk has greatly influenced the prices of meme coins through his actions (tweets) and even inactions leading to the launch of several meme coins making reference to him or paying homage. For example, Dogelon Mars (ELON) is a meme coin that pays homage to Elon Musk. It combines the popular Doge meme and Elon Musk’s vision of Mars colonization. Others include ElonDoge (EDOGE), Elon Musk (MUSK), Baby Musk Coin (BABYMUSK), etc.

In the succeeding sections, we will explore Milady (LADYS) and its growing popularity.

What is Milady (LADYS)?

Milady is a self-organized meme coin with no affiliation to the Milady Maker NFT collection, created to pay tribute to the Milady NFT collection. Milady (LADYS) has joined the ranks of meme coins that have gained wide popularity from the influence (or endorsement) of Elon Musk. With just a tweet on May 10, 2023, the price of the LADYS token experienced a significant surge of over 5,000% in 24 hours. The coin had a massive rally, skyrocketing the price of Milady Maker NFTs. It had seen its prices plunge in May 2022 after being embroiled in a controversy involving its founder and CEO, Charlotte Fang (more on this in subsequent sections).

Launched by anonymous founders believed to be loyal community members and enthusiastic supporters of the Milady Maker NFT Collection. Milady (LADYS) has no intrinsic value other than its use as a means of exchanging and facilitating transactions. There is no known development team associated with it and it is clearly stated on its website that, “$LADYS is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”

Milady is among meme coins with purely memetic value, driven by influencer hype and the community. $LADYS is similar to $PEPE, $WOJAK, and some meme coins that sparked the meme coin season in April and May 2023.

Brief History of Milady (LADYS)

As stated above, Milady became popular after a tweet from Elon Musk. He had shared a picture of a Milady meme coin with the caption, “There is no meme. I love you!” This tweet was understood by crypto enthusiasts as an endorsement and led to a frenzy of purchases for Milady meme coins and the Milady Maker NFTs.

Coincidentally, Milady (LADYS) was launched a few days before Elon’s tweet, precisely on May 7, 2023, raising the question of market manipulation. However, Elon’s social media presence and influence in the crypto space are electrifying and had in the past pumped the prices of several meme coins such as Dogecoin, Shiba Inu, Baby Doge, Floki, etc., by simply tweeting or making casual jokes. His tweet has had a significant impact on the Milady meme coin and Milady Maker NFTs causing a surge in the base price within 24 hours.

Interestingly, his tweet generated wide publicity for the embattled Milady Maker NFT collection which has been controversial owing to the association of the co-founder Charlotte Fang to the pro-narcissist movement and her prejudiced/racist tweets. However, the price of the NFTs rebounded and moved from 3.65 to a new all-time high of 7 ETH, and also, LADYS had a good run during this period, rising from its launch price of 0.0000000371 to 0.000000513 within days of launch.

Roadmap

Milady (LADYS) has an unpopular roadmap distinct from other meme coins and blue chip crypto. There are three phases of development:

Phase 1: This involves launching, and listing on crypto data aggregators such as Coinmarketcap and Coingecko. Also, to trend $LADYS on X (formerly Twitter) and onboard 1000 token holders. $LADYS token trended for several days on X during the meme coin season alongside $PEPE and $WOJAK.

Phase 2: This stage involves community partnership, getting up to 10,000 token holders, and having $LADYS listed on centralized crypto exchanges, such as Gate.io. Also, to create a digital newsletter known as Milady Times, and to form a token-gated Discord group.

Phase 3: The last phase involves domination or a complete takeover of the internet that is “becoming the quintessential token for internet spiritually.” Milady aims to attain 100,000 token holders, get listed on tier-one centralized exchanges, and set up Milady merchandise and a Milady academy.

What is the Milady Maker NFT Collection?

Source: m.bibiqing.com — Milady Maker NFTs showing rarity and price

Milady Maker NFTs is a collection of 10,000 generative profile picture NFTs created by Remilia Collective. They are based on a popular internet meme “inspired by Japanese street-style tribes, with each avatar having its own drip score rating its overall stylishness.”

Source: coin98.net — Milady Maker NFTs showing their ranks

The Remilia Collective was led by the Pseudonymous founder, Charlotte Fang, and was designed and created by “Milady Sonora” a member of the Remilia Collective whose identity is unknown. Charlotte Fang played a key role in the creation and popularization of the NFTs, which became popular within weeks of launch.

However, the glory days didn’t last long and soon lost investor interest when Charlotte Fang, CEO of Remilia Collective was discovered to be “Miya” a pseudonymous neo-Nazi individual holding bigoted views against Blacks, homosexuals, transsexuals, Jews, and women. Miya had a notorious Twitter account famous for promoting racism, hate, suicide, and misogynistic content.

Source: @planet_nerf X Account

Fang initially denied involvement with the Twitter account, however, the weight of evidence proved the allegations were correct. The event adversely affected the price of the digital assets, plunging the price by over 60% and only recovering a year later through the success of the MiIady meme coin.

Pros & Cons of Milady (LADYS)

Pros

• As a meme coin, Milady is a fun asset type to use to learn about cryptocurrency and blockchain technology.
• There is a possibility of earning a profit when values rise.
• Milady is backed by the community and social media influencers.

Cons

• Milady has no real-world use case and lacks utilities other than its use as a means of payment or to facilitate transactions.
• There is no promise of price appreciation. The meme coin lacks financial value and anticipated returns making it a risky investment.
• It has no clear roadmap or development team.
• Milady (LADYS) is volatile and inherently risky. Users are strongly advised to consult a financial expert before investing in the meme coin.

• Trading meme coins may be technologically complex for some users.

What is LADYS Token?

LADYS is an ERC-20 token that operates on the Ethereum blockchain. LADYS is widely acclaimed as the meme token of the Milady Maker NFT Collection, though not founded/created by the same team but by zealous Milady Maker NFT community members.

Tokenomics

There is a maximum supply of 888 trillion LADYS; 94% have been locked away in a liquidity pool on UniSwap and the contract has been renounced. 1% of LADYS was airdropped to holders of PEPE and Milady Maker NFTs. 5% of the total supply is held in a multisig wallet and can be verified using the domain, miladymeme.eth. It will be used to incentivize future listing on CEX, and bridges, provide liquidity, and for future development.

Source: Milady Website

LookOnchain “Smart Money” Analysis on the LADYS

Lookonchain, the tracker of “Smart Money” wallets provides valuable information on the activities of whales and institutional investors by studying their wallets and movement of funds.

Lookonchain reports (tweets) show traces of market manipulation. To bolster this view, a day before Elon’s tweet, DWF Labs bought 15T $LADYS worth 13.53 $ETH ($25K), suggesting DWF has access to privileged information. Recall that the Milady meme coin launched 3 days before Elon Musk’s tweet and became popular shortly after.

Lookonchain also noted that a “mysterious address” was created 1 hour before Elon Musk tweeted about Milady. The address performed just one transaction shortly after it was created, that is, it withdrew 25 $ETH ($45,362) from Binance and bought 8T $LADYS at a low price of $0.000000005652.

Within this period, DWF Labs became the largest holder of $LADYS and held about 30.7T ($4.5M) $LADYS. Thus, any intent on selling these huge numbers will crash the price of the meme coin. To forestall this from happening, the developer of Milady added the top 3 holders of $LADYS to the Blacklist. Interestingly, the top 2 holders (excluding Blacklist and developer addresses) of $LADYS both seem to belong to DWF Labs, as reported by Lookonchain. You can find more details on lookonchain X account.

Source: @lookonchain X Account

Arbitrum Bridge

$LADYS can be bridged from Ethereum to Arbitrum One. The event was live from May 15 to May 16, 2023. Follow these steps and closely study the images to enable a successful bridge.

Step 1: Connect your wallet. You can use Metamask, Wallet Connect, Zeroin, etc.

Source: Milady X Account

Step 2: Enter the amount of $LADYS you want to bridge and click on ‘Bring LADYS to Arbitrum One.’

Note: You will pay L1 gas fee, so make sure you have $ETH in your L2 wallet. You will need it to power transactions.

Step 3: On your Metamask, review and set a spending cap for your $LADYS, which you can increase in the future. Wait a few minutes for verification.

Step 4: Go to your Metamask, choose Arbitrum then click on ‘switch network.’

Note: This will switch the selected network within the Metamask to a previously added network (Arbitrum One).

Step 5: Claim your coin ($LADYS) to be added to your wallet.

Source: Milady X Account

It is pertinent to note that $LADYS bridge does not charge any protocol fees. Users only have to cover gas costs. Learn more about Arbitrum Bridge here.

Is Milady (LADYS) a Good Investment?

Among meme coins, Milady (LADYS) offers great prospects for future price appreciation. Traders and meme coin enthusiasts look forward to future gains, particularly during the bull market. According to Gate.io Milady price prediction, the “meme coin has a good potential ROI as the volatility itself (offers) opportunities for multitude profits. Such volatility is a double-edged sword, and as such would be suitable for investors with high-risk tolerance and healthy financial position.”

Further, Gate.io price analysis predicts the price of LADYS can potentially be worth $0.00000004123664 in 2025 as analyzed and forecasted and also predicted to go as high as $0.000000084809673 by 2030 surpassing its current price of $0.000000048381 (24 August 2023). This price prediction offers crypto traders and investors fundamental and technical analysis in understanding the direction and price of Milady Meme Coin as well as the short and long-term price expectations.

However, Milady (LADYS) has no real-world use for sustainable growth. The coin is purely for entertainment purposes with no formal team and has no intrinsic value or well-defined roadmap. Also, a large chunk of the coin is held by a few individuals who can decide to dump on other holders, though the top 2 holders of $LADYS have been blacklisted. Nevertheless, before investing in Milady, it is advisable to conduct thorough research and exercise risk management, but above all study the potential return on investment and tendencies of market manipulation. Moreover, only invest what you are willing to lose.

How to Own LADYS?

You can buy LADYS from centralized and decentralized cryptocurrency exchanges. For example, Gate.io offers traders different trading pairs: LADYS/USDT. To own the token, create a Gate.io account and complete the registration process. Also, you need to fund your spot trading account and go through the steps to buy LADYS.

Highlights

• Milady (LADYS) Risk Analysis

InvestorObserver analysis, an analytic firm, gives Milady meme coin a low-risk assessment based on the recent price movement of LADYS, this is due to the evaluation of price volatility with volume changes.

Take Action on LADYS

Check out LADYS price today and start trading your favorite currency pairs:

• LADYS/USDT