Tesla, SpaceX, Twiter CEO Elon Musk revived the crypto money market with a new tweet last night. The massive purchases made by a meme coin hunter before the sudden Elon Musk tweet draws attention.
These wallets found meme coins to rally in one transaction
On May 10, Elon Musk shared a meme created with images from the Milady NFT collection. Soon after, the base price of Milady NFTs rose from 3.8 Ether to 7.3 Ether. It then dropped to as low as 5.69 ETH at the time of writing. Milady Meme Coin (LADYS) price has also completed a stunning rally above 12,000%.
On-chain tracker Lookonchain shows that a mysterious investor purchased LADYS tokens prior to this rally. Interestingly, the corresponding wallet was created just 1 hour before Elon Musk tweeted about Milady. Later, he bought 8 trillion LADYS tokens with 25 ETH withdrawn from Binance.
https://twitter.com/lookonchain/status/1656354641389703168
Surprisingly, this whale successfully predicted the last PEPE and LADYS rallies. In a separate post, Lookonchain shared a whale who bought two meme coins before the rally. Accordingly, PEPE investments were made in the last days of April. The investor then pocketed over 35x profits from PEPE, which continued its rally in the first weeks of May.
Prior to the LADYS rally, he made heavy purchases against 299 ETH and 90 billion PEPE. The whale currently holds 4.42 trillion LADYS. It has a balance of approximately $580,000.
This guy bought 4.42T $LADYS($582K currently) with 299 $ETH($547K) and 90B $PEPE($147K).
His average buying price is $0.0000001569 and is currently in a floating loss.https://t.co/V7OQLbcbBo pic.twitter.com/t5Cg5svRFD
— Lookonchain (@lookonchain) May 11, 2023
Despite the controversy, the Milady NFT collection still remains popular in Web 3 communities. Famous businessman Su Zhu is also a fan of this collection, with the appreciation of Elon Musk, and he is also a Milady collector. The collection is worth a total of 39,659 ETH currently traded on OpenSea.
How did he guess?
While Elon Musk’s tweet initially sparked the rally for Milady Memecoin, Lookonchain’s research has shed light on potential irregularities in the LADYS ecosystem. The confluence of events has created more uncertainty among investors regarding these suspicious transactions.
The intersection of Lookonchain’s research with Elon Musk’s endorsement adds complexity to the ongoing Milady Memecoin rally. As the story progresses, the crypto community remains vigilant. It is a matter of curiosity how these events will shape the future course and market dynamics of LADYS. As Cryptokoin.com reported, DWF Labs, which makes significant blockchain investments, bought 15 billion LADYS the other day.
Things to know about Milady
After Elon Musk shared a meme created from an NFT collection named Milady on May 10, the base price of Milady NFTs skyrocketed. This collection was created by the digital arts community called Remilia. The NFT collection consists of 10,000 anime profile pictures.
megathread on milady and their founders:
– miya's writings
– Grooming
– Gaslighting
– Systemspace and suicide of 17yo teen
– Remilia implicationproof of everything will be at the end of the thread
— 0xngmi (@0xngmi) May 23, 2022
However, the price of Milady NFTs previously dropped more than 50% after allegations surfaced that its creator, Charlotte Fang, was involved in various extremist ideologies. Although Fang denies the allegations, the authenticity of the screenshots has been confirmed.
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