The frenzy surrounding the meme-based cryptocurrency continues, with a new player stealing the PEPE coin headlines. Milady is the latest addition to the space with its self-organizing meme token LADYS based on the anime avatar non-fungible token (NFT) series. In just 24 hours, the value of Milady’s LADYS coin surged a staggering 5,250% to trade at $0.0000001528.
Milady Crypto Holders Beware?
However, as the value of Milady’s LADYS coin has skyrocketed, there has been a worrying rumor. It has been suggested that wallets holding Milady coins will be blacklisted by the Office of Foreign Assets Control (OFAC). This list, maintained by the U.S. Department of the Treasury, identifies individuals and organizations subject to economic sanctions and other restrictions.
Breaking: Every wallet with Milady will be blacklisted by OFAC tomorrow morning pic.twitter.com/ifbpLuQIqN
— David G🏹 (@d_gilz) May 11, 2023
The reasoning behind this rumor is unclear, and it’s worth noting that it hasn’t been confirmed by any official sources. However, this move by the US government could have serious repercussions for anyone holding Milady tokens. Being on the OFAC blacklist may make it difficult for an individual to conduct financial transactions or obtain certain services.
It was unclear why such sanctions would target Milady. While the use of cryptocurrencies for illicit purposes has been a concern for regulators, there is no evidence that Milady or its LADYS coins were used for any illicit purposes. Additionally, the idea that wallets holding specific cryptocurrencies would be targeted for sanctions is unusual.
Despite rumors that wallets holding Milady coins could be blacklisted by OFAC, the cryptocurrency continues to experience a strong uptrend and notable gains. Milady’s LADYS token surged more than 71.5% in the past 24 hours. Despite the rumours, this remarkable growth shows that investors and traders are still showing confidence in the cryptocurrency.
Will LADYS Coin follow in the footsteps of DOGE and SHIBA INU to achieve 100 times growth?
In the world of cryptocurrencies, the rise of meme-based coins is nothing short of phenomenal. Tokens like DOGE and SHIBA INU skyrocketed in value, delivering huge returns to early investors. One wonders if Milady’s LADYS coin will be the next big thing in the world of meme coins.
according to For popular cryptocurrency analyst Crypto Koryo, Milady’s LADYS coin follows the same formula as other successful meme coins. The project’s Twitter and Telegram accounts were created on May 6, and the LADYS token went live just two days later. On the same day, the project posted its first tweet.
What caught Crypto Koryo’s attention, however, was that Milady’s team quickly reached out to several big influencers on Twitter. These influencers, including GevCrypto, AlmiraCrypto, and GiveAwayHost, collectively have more than 2 million followers. While these followers may be fake or bought, they are still enough to make Milady’s LADYS coins visible and reach a large audience.
The success of memecoins like DOGE and SHIBA INU has shown that social media hype and speculation can quickly drive massive price increases. However, as Crypto Koryo pointed out, the future of Milady’s LADYS token is far from certain. While the coin has grown significantly, it could also be vulnerable to crashes and destruction, depending on various factors.
LADYS coin is currently leading the meme coin craze compared to its closest competitor PEPE coin. While Milady’s LADYS has experienced significant growth, the PEPE coin is down over 28% since yesterday.
Featured image from Unsplash, chart from TradingView.com
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