Elon Musk, known for pupating the popular meme token Dogecoin (DOGE) in the bull market in 2021, caused a sudden rise in the price of another token with his tweet yesterday.
After sharing about Milady NFTs, there was also a big rise in the price of LADYS, which was observed as a newly created Milady-themed meme token.
While LADYS is a Milady-themed meme token, it doesn't appear to be linked to the Milady NFTs.
However, some whales bought LADYS tokens hours before Elon Musk tweeted.
According to Lookonchain's post, a whale bought 11T LADYS tokens for 10.45 Ethereum (ETH) (worth $19,569) before tweeting Musk.
After Musk's tweet and the price of LADYS increased, the whale sold its 3T LADYS for 159.63 ETH ($293,000) at $0.00000009689.
“A whale received 11T LADYS tokens for 10.45 Ethereum ($19,569) before tweeting Elon Musk.
The LADYS token purchase price was $0.00000001775.
He then sold 3T LADYS for $0.00000009689 for 159.63 ETH ($293,000 value).
He currently holds $1.16M worth of 8T LADYS tokens and profits $1.43M. About 73x."
The SmartMoney spent 10.45 $ETH($19,569) to buy 11T $LADYS at $0.000000001775 before #Elon_Musk tweeted.
And sold 3T $LADYS for 159.65 $ETH($293K) at a price of $0.00000009689.
He currently holds 8T $LADYS($1.16M) and the profit is $1.43M(73x)!https://t.co/GHVd5Ic5zO pic.twitter.com/bh68iFoFHW
— Lookonchain (@lookonchain) May 11, 2023
According to data from CoinMarketCap, LADYS continues to trade at $0.0000001432.
*Not investment advice.
