Milady Meme Coin Surges in Its Debut; SmartMoney Gains 35x on LADYS

Last Updated:
Milady Meme Coin Surges in Its Debut; SmartMoney Gains 35x on LADYS
  • Milady Meme Coin (LADYS) debuted with a remarkable surge of 12,056%, gaining attention on Twitter
  • Lookonchain reported an address created before Elon Musk’s tweet, obtaining 8 trillion LADYS tokens.
  • SmartMoney achieved a 35x return from 2.15 trillion LADYS bought for 4.7 ETH ($8.6K).

The meme coin movement continues to evolve, and a brand new token called Milady Meme Coin (LADYS) has emerged with an astonishing surge of 12,056%, reaching $0.0000001341 in its highly anticipated debut. Currently, LADYS’s price stands at $0.0000001456, as per CoinMarketCap.

Developed by anonymous individuals, Milady has captured the attention of Twitter users, who are speculating about its possible ties to Elon Musk in an intriguing manner. Meanwhile, Lookonchain, a crypto analytics company, reported the creation of a “mysterious” address approximately one hour before Elon Musk tweeted a meme.

According to data provided by Lookonchain, the address in question obtained a staggering 8 trillion LADYS tokens at an average price of $0.000000005652 per token. The purchase was made using 25 ETH withdrawn from Binance, valued at approximately $45,362.

A day after, Lookonchain shared that a SmartMoney has demonstrated exceptional proficiency as a meme coin investor. They selectively acquired PEPE and LADYS tokens by purchasing PEPE on April 18 and acquiring LADYS prior to Musk’s tweet. Remarkably, they achieved a remarkable return of 36 times on PEPE and an impressive 35 times on LADYS.

SmartMoney strategically acquired 2.15 trillion LADYS tokens for 4.7 ETH, equivalent to $8,679 before Musk’s tweet, at a buying price of $0.000000004035 per token.

They subsequently sold 1.09 trillion LADYS tokens for 84 ETH valued at around $153,000 at a rate of $0.0000001404 per token. Presently, SmartMoney holds 1.06 trillion LADYS tokens, valued at approximately $158,000. In total, their profit amounts to $302,000, signifying an impressive gain of 35 times.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.