A prominent crypto exchange platform is listing a new memecoin just days after billionaire Elon Musk mentioned it in a tweet and sent it skyrocketing.
In a new announcement, Singapore-based digital assets exchange Crypto.com says that it’s now listing Milady (LADYS), the meme asset associated with the Milady Maker non-fungible token (NFT) collection, on its app.
“Milady Meme Coin (LADYS) is now listed in the Crypto.com App, joining the growing list of 250+ supported cryptocurrencies and stablecoins…
Crypto.com App users can now purchase LADYS at true cost with USD, EUR, GBP, and 20+ fiat currencies.”
LADYS, which made its debut in the markets earlier this month, saw a staggering increase of over 2000% this week after Tesla CEO and business magnate Musk tweeted about it.
Previously, data from blockchain tracking platform Lookonchain found that a mysterious crypto wallet that was created just one hour before Musk’s tweet about the meme asset netted a massive 2300% profit from trading Milady.
“We found a mysterious address.
Created one hour before Elon Musk tweeted about Milady.
Withdrew 25 [Ethereum] ($45,362) from Binance and bought 8 trillion LADYS at $0.000000005652.
No other transactions. Is it a coincidence?”
However, LADYS has heavily retraced from its peak as its trading for $0.00000005732 at time of writing, a 57.22% decrease during the last 24 hours. At the time it was sold by the crypto wallet, it was moving for $0.000000135961.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Sergey Nivens/REDPIXEL.PL