Milady (LADYS) meme coin has taken the spotlight after a tweet from Elon Musk. The tech billionaire tweeted a meme using the popular NFT collection ‘Milady.’ This led to an exponential surge in Milady meme coin price, and LADYS token skyrocketed to its all-time high.
However, after generating massive returns for the early holders, LADYS price tanked on Friday. Till press time, the coin was already 66.5% down from its all-time high, which was made two days ago. This had led to a panic among the investors.
LADYS Token vs PEPE Coin
The ongoing meme coin season started with the hype of PEPE coin. Just within a few days of its launch, the coin became the third biggest meme coin. However, the Binance listing turned out to be the peak for PEPE coin, as the digital asset has been in a tailspin since then.
It looks like the PEPE hype has been overshadowed by the newly released LADYS token. Milady meme coin price is currently trading at $0.00000005687, which is 7800% above its all-time low. On-chain data shows that a wallet bought a massive chunk of LADYS an hour before Elon’s tweet.
Milady Meme Coin Price Analysis
Technical analysis of an extremely volatile meme coin like Milady is not enough to predict its price action. The current LADYS price puts its market cap at $44.8 million. To reach PEPE’s market cap of $465 million, its price has to increase by 10x.
This is just speculation and not a real Milady meme coin price prediction. Nevertheless, the 1H chart of LADYS suggests that the bulls are still in control despite a major drop in price. In the coming days, at least a strong bounce can be anticipated.
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