Elon Musk’s Tweet Sparks Surge in Miladys’ NFT Floor Price

Share This Post

Earlier today, Elon Musk demonstrated the influence of high-profile personalities on the Web3 market. A tweet from the Twitter and Tesla CEO led to a dramatic surge in the popularity and value of the Miladys NFT collection on OpenSea.

  • Elon Musk’s tweet propelled the Miladys NFT collectibles to the top trending spot on OpenSea, with the floor price temporarily reaching an all-time high of $13,700 (7.3 ETH).
  • The floor price later dipped to 5.6 ETH, illustrating the volatility of the NFT market and the rapid fluctuations that can occur due to external factors.
  • Nevertheless, the dramatic rise in the NFT project’s floor price highlights the heavy influence that high-profile personalities can have on the digital assets market.

Elon Musk’s Tweet Propels Miladys’ Popularity

In an unusual turn of events earlier today, Twitter CEO Elon Musk thrilled fans of the unconventional Miladys’ NFT collectibles, tweeting a picture of the NFT meme, embellished with the text, “There is no meme, I love you”.

The digital representation of this cute avatar collectible instantly grabbed the attention of NFT enthusiasts and Twitter users alike. The digital assets instantly skyrocketed in popularity as a result, securing the top trending position on the notable NFT marketplace, OpenSea.

Surge in interest resulted in the floor price of the NFTs hitting a record-breaking high of $13,700 (7.3 ETH). However, the floor price did not sustain this apex for a prolonged period, shortly receding to 5.41 ETH (at this time of writing).

This past week — before the tweet’s existence — the NFT project also witnessed a notable uptick of 59%, demonstrating the growing investment and interest in Miladys NFTs.

The Power of High-Profile Personalities 

The dramatic ascent in the NFTs’ floor price following Musk’s tweet highlights the heavy influence that high-profile personalities can have on the digital assets market.

With a simple, seemingly casual tweet, Musk demonstrates his knack for drawing attention and stirring interest in the large-scale digital space. Not only did his tweet invigorate Miladys’ fanbase, but it also sparked lively conversations about these cute collectibles and NFTs in general.

This event showcases the speculative and volatile nature of NFT investments, and how prices can quickly rise and fall in response to influencing factors like celebrity endorsements. 

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT-related drops, releases, reviews and more.

spot_img

Related Posts

Coinbound Appoints Lindsay Keyfauver to Director of Coinscribble

New York, NY – October 2nd, 2024 – Coinbound,...

Coinbound Named to Manifest’s Global Most Reviewed Advertising and Marketing Agencies List for 2024

Honored for Excellence in Blockchain Marketing, Crypto Marketing, Investor...

Void 2122 to Unlock a New Era of Combat Card Gaming with NFTs

The pioneering force in the Web3 landscape, Void 2122,...

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its...

Friend.tech Returns With Surging NFT Trading Volumes

Friend.tech, the decentralized social media app, has shown an...

Related Posts

CoinGecko vs CoinMarketCap: Which Is The Better Crypto Tracker?

CoinMarketCap and CoinGecko are two of the most popular...

Top 10 NFT Marketplaces to Look Out For and Why

How numerous NFT marketplaces make hunting for digital collectibles...

The Evolution of NFTs: From Origins to Today

Non-fungible tokens (NFTs) have gained a lot of attention...

Breaking Down the Controversy of Floydies NFTs

Reasons why Floydies NFTs spark debates about human rights...

Bored Ape Yacht Club Review | 2023 Guide

An in-depth Bored Ape Yacht Club Review Guide. Everything you need to know about Bored Ape Yacht Club NFT Collection.

The History of Bitcoin NFTs – A Step-by-Step Timeline

With recent hype surrounding Casey Rodarmor's release of open-source...