NFTs: the mini-bubble on Milady caused by Elon Musk has deflated

Although it was just a meme built on one of those images, and had nothing to do with that collection, the collection generated a total trading volume of more than 45,000 ETH (more than $26 million), whereas until the previous month it had never exceeded 1,500 ETH.

Timeline of Milady-meme-coin

With most participants in the cryptocurrency sector struggling to maintain the optimistic momentum, meme cryptocurrencies are no exception, but some of them have shown strong potential to deserve their place on the to-buy lists of meme token fans and investors in July.

The meme coin frenzy shows no signs of slowing down, with significant exchanges rallying behind these unpredictable assets. In the latest captivating twist within the meme coin community, the KuCoin exchange has made waves by officially listing Milady Meme Coin (LADYS).

The meme coin hype is far from dying down as more major exchanges continue to lend their support to these volatile asset classes. In the latest move in the meme coin community, KuCoin exchange announced it has listed Milady Meme Coin (LADYS), joining the host of trading platforms that have shown support to the major PEPE rival in the past few weeks.

DWF Labs, a global digital asset market maker and investment firm, is buying more LADYS, on-chain data on May 17 shows. DWF Labs Buying LADYS Trackers indicate that the market maker bought 1.9 trillion LADYS for 108 ETH worth roughly $196,000 at the time of the purchase.

"Smart Wallet" tracker @lookonchain has published an update on its recent tweet about the list of "suspicious wallets" that have been buying and selling massive amounts of LADYS meme coin.

Milady meme coin (LADYS) has witnessed a massive price jump resulting in potential profits in the millions for its top 10 whales. What Happened: According to on-chain data analyzed by Lookonchain on Monday, these whales hold over 176 trillion LAYDS coins, amounting to roughly 20% of its total supply.

The crypto industry is evolving rapidly due to the constant emergence of new trends. Having said that, it is essential to stay current with the latest market movements in order to stay informed and make data-driven decisions.

Milady Meme Coin (LADYS) experienced a major price drop of over 31% earlier today. The tracker of "Smart Money" wallets @lookonchain has noticed a correlation between this price plunge and movements of large LADYS amounts by addresses from the list of "suspicious wallets.

There may be trouble looming for the Milady Meme Coin (LADYS) ecosystem as one of the largest holders of the digital currency is making what is suspected to be a move to a sell-off. According to data from Lookonchain, DWF Labs, a start-up that has been identified severally as a major meme coin whale, has sent 100,000 LADYS tokens worth approximately 1 cent to an OKX deposit address.

The top 10 holders of the LADYS token (excluding exchanges and contract addresses) possess an astounding 180 trillion LADYS, which equates to 20.3% of the total supply. Of these, the three largest holders have recently been added to the blacklist.