Milady’s novel Solana memecoin, a nonfungible token (NFT) collection, has quickly gained popularity, attracting a staggering 91,486 SOL ($18.7 million) in just two hours since its presale announcement. The developers behind Milady revealed that their memecoin, named “Milady Wif Hat,” would require a minimum investment of 1 SOL, with a cap of 88,888 SOL. The presale quickly reached its cap and closed, with the team announcing that any additional funds raised would be fully refunded.
The Milady NFT collection consists of 10,000 anime-inspired profile picture avatars, which have gained attention in the current bullish crypto market. The collection has also been promoted by Su Zhu, the co-founder of Singaporean hedge fund Three Arrows Capital (3AC), who praised the memes and expressed excitement about joining the Milady community.
Following the announcement of the presale, the price of Milady NFTs skyrocketed to $19,000 each before dropping to $11,742 at the time of writing. Memecoins, like Milady, have been in high demand during the crypto bull run. For instance, the popular Solana memecoin, dogwifhat (WIF), saw its price surge to an all-time high of $3. Fans of the memecoin even raised over $700,000 to advertise the token’s logo on the Las Vegas sphere. WIF has been one of the best-performing memecoins, with gains exceeding 1,000,000% since its launch in November last year, partly due to its recent listing on Binance.
Not all presales have been successful. On March 18, token developer Slerf accidentally burned 53,000 SOL during a highly promoted presale event. This unfortunate incident resulted in a complete loss for users who had invested their funds in the airdrop.
Milady’s novel Solana memecoin has garnered significant attention and investment in a short period. The NFT collection, featuring unique anime-inspired avatars, has become a favorite among crypto enthusiasts, with support from influential figures like Su Zhu. While memecoins and NFTs continue to experience surges and setbacks, their popularity remains strong in the current crypto market.
