Billionaire businessman Elon Musk has been on the agenda in recent years mostly because of the crypto money markets. The reason for this was that Musk made a post on Twitter and drove the price of any crypto asset. Statements that shook the markets turned the lucky investors into millionaires, while the unfortunate ones made a loss.
Elon Musk is back on the track as of now. Making a post yesterday evening, Musk caused a record-high valuation of an unknown crypto asset. This rise was not edible because the value gain was around 12 thousand percent.
Here is the sharing that caused the unprecedented rise in the crypto money markets:
You may not have understood Elon Musk’s post above at first glance. Let’s explain; “This is not an internet meme. I love you.” statements are included. The human figure, which looks like a cartoon character in the image, is inspired by an NFT collection called “Milady Maker”. There is even a token called “Milady Meme Coin” (LADYS) created for this NFT collection. Here is the statement made by Elon Musk, which caused this unpopular token to be valued by more than 12 thousand percent.
Here is LADYS’s coinmarketcap data:
When we look at the Coinmarketcap data; We witness that the token named LADYS was traded at $0.000000001199 24 hours ago. So this meme token actually had no value. As of the writing of this article, LADYS is trading at $0.0000001714. This price change means that the token has gained over 12 thousand percent in value. Moreover, some seem to believe that this token will still gain value. Because the upward trend in the price chart continues.
Of course, this made the value of not only the meme token, but also the NFT collection called Milady Maker. Collectibles, which found buyers around 3.75 ETH just a few days ago, rose to 5.25 ETH with the move of Elon Musk.
Let’s come to a more important development than all of these: Someone may know Elon Musk’s statements beforehand!
A platform called Lookonchain, which monitors the movements in the crypto money markets, has detected a remarkable development during the rise of the LADYS token. According to the review, a crypto asset company called “DWF Labs” bought 15 trillion units of the unknown LADYS just one day before Elon Musk’s share, and paid around $25,000 for it. The instant value of 15 trillion LADYS is 2 million 571 thousand dollars. Calculate how big a manipulation there is…
Lookonchain’s post on Twitter:
This content cannot be considered as investment advice. Manipulated crypto assets can lead to bankruptcy while you dream of profit!
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