Milady’s groundbreaking nonfungible token (NFT) collection, called Solana memecoin, has made a remarkable splash in the market, attracting a staggering 91,486 SOL ($18.7 million) within a mere two hours of its presale announcement.
On March 18, Milady unveiled the highly anticipated Solana memecoin, aptly named Milady Wif Hat in homage to the widely popular Solana memecoin Dogwifhat (WIF). The presale offered investors the opportunity to secure a minimum investment of 1 SOL, with a cap of 88,888 SOL. To the team’s amazement, the presale was oversubscribed and reached its limit of 88,888 SOL within hours. Consequently, the presale was promptly closed, and the team assured investors that any additional Solana raised would be fully refunded.
The Milady NFT collection showcases a stunning array of 10,000 anime-inspired profile picture avatars, capturing the attention of enthusiasts during the ongoing crypto bull market. Su Zhu, the co-founder of Singaporean hedge fund Three Arrows Capital, played a significant role in promoting and endorsing the collection. In a tweet on March 6, Zhu exclaimed his excitement and admiration for the Milady NFTs, stating, “Yo what up milady fam! I had to sweep some miladys after hearing you have the best memes on web3. Hell yeah, let’s see what this community’s all about! It’s moon time my degens aha.” Following Zhu’s endorsement, the price of Milady NFTs skyrocketed, reaching a peak of $19,000 each before settling at $11,742 at the time of writing.
Furthermore, memecoins have become the talk of the town during this crypto bull run. On March 14, WIF, the memecoin associated with Milady’s NFT collection, reached an all-time high of $3 as devoted fans raised over $700,000 to display the token’s logo on the iconic Las Vegas sphere. WIF has proven to be the top-performing memecoin of the current cycle, boasting gains of over 1,000,000% since its launch in late November 2023, an achievement further bolstered by its recent listing on Binance.
Similarly, on March 18, token developer Slerf unintentionally burned a significant amount of SOL, totaling 53,000 SOL, during a highly anticipated presale event. This unfortunate incident resulted in a substantial loss for users who had invested their funds in the airdrop.
In a related development, an unnamed presale address managed to amass a staggering $33 million worth of SOL in just one hour, further illustrating the immense demand and excitement surrounding the Solana memecoin ecosystem.