On the 10th of May, the crypto community was sent into turmoil as yet another move from billionaire Elon Musk sparked frenzied speculation across the world. This time, instead of discussion concerning Dogecoin, the renowned CEO of Tesla announced the release of a new NFT- Milady.

Milady is an NFT series consisting of a collection of 9,825 faces of children with bright eyes. The NFT was initially released in April 2022, and it soon gained notoriety for being the 'go-to' profile picture when certain individuals were criticized by the crypto community. However, the success and sudden attention of the collection was put down to Elon Musk's decision to post a photograph of it on his Twitter page.

The response to the billionaire's declaration was that of intense investment with the floor price of the collection soaring to 7.3 ETH (approximately $13700) and Miladys becoming the top of the listing on the OpenSea NFT market. The trading volume in the last 24 hours increased by more than 1000%, reaching 4,522 ETH whilst the number of transactions rocketed to 827, 612% more than previously.

A mysterious address buying 8T $LADYS at $0.000000005652 with 25 $ETH ($45,362) from Binance 1 hour before Elon Musk's statement added to the intrigue. This prompted speculation for fans as to whether this was a mere coincidence or an indication of something much more.

To conclude, despite controversy surrounding the founder of Milady, the NFT series has become a highly sought after asset amongst crypto investors after Elon Musk's involvement. The result was a steep increase in trading, with the staggering numbers indicating the immense impact of Musk's endorsement.



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