Billionaire Elon Musk boosted non-fungible token Milady by posting a meme image on Twitter.
— Elon Musk (@elonmusk) May 10, 2023
“There is no meme. I love you,” reads the text on the image.
According to data from NFT Price Floor, after the post the trading volume of these NFTs rose by 1,962% in 24 hours, and the number of sales by 1,297%.
The token’s price also rose by 104%. The asset trades in a range from 3.68 ETH to 30 ETH.
Other projects from Remilia Creative also rose after Musk’s tweet. For example, sales of Redacted Remilio Babies NFT rose by 342% in the last 24 hours.
sharp rise after Musk’s Twitter purchase. In November the coin’s price soared on the back of the billionaire’s update to the social network.
In February 2023, DOGE rose to above $0.087 on a series of Musk tweets. The entrepreneur introduced his Shiba Inu dog named Floki as CEO of Twitter and a new member of the company’s board.
In June 2022, American Keith Johnson accused SpaceX, Tesla and Musk of promoting a cryptocurrency pyramid in Dogecoin. The plaintiff sought $258 billion in damages and compensation.
Later, Elon Musk’s lawyers described the suit as a “whimsical fabrication” and asked the court to dismiss all charges.