Elon Musk's Tweet Causes Controversial NFT Collection's Value to Temporarily Skyrocket

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Elon Musk's Tweet Causes Controversial NFT Collection's Value to Temporarily Skyrocket

Paraphrase: The controversial Milady Maker collection experienced a brief surge in value, doubling its floor price, after a tweet from Tesla CEO Elon Musk. However, the initial excitement subsided, and the floor price settled at around 4.4 ETH. Musk's endorsement also led to the emergence of unrelated tokens, like the LADYS token, which saw a massive spike of 3,000%. Despite previous controversy, Milady Maker continues to gain popularity, attracting individuals who see participation as a means to protest the cryptocurrency crackdown. This is not the first time Musk has promoted a Web3 project, as he has previously shown support for Dogecoin. However, these endorsements have had consequences, with Musk currently facing a lawsuit seeking significant damages. In the past, Musk faced fines for misleading tweets about Tesla.