Milady’s groundbreaking collection of nonfungible tokens (NFTs), known as Solana memecoin, has generated an impressive $18.7 million in just two hours since its presale announcement. On March 18, Milady unveiled the highly anticipated Solana memecoin, named Milady Wif Hat, inspired by the popular Solana memecoin Dogwifhat (WIF). The presale attracted overwhelming demand, with a minimum investment requirement of 1 SOL and a cap of 88,888 SOL. The presale has now reached its limit and is closed, as stated by the Milady team, who also assured participants that any additional Solana raised will be fully refunded.
The Milady NFT collection consists of 10,000 anime-inspired profile picture avatars, and it has gained significant attention during the ongoing crypto bull market. The collection’s popularity was further boosted by Su Zhu, co-founder of Singaporean hedge fund Three Arrows Capital, who enthusiastically praised Milady’s memes and expressed interest in joining the community. Following Zhu’s endorsement, the price of Milady NFTs skyrocketed, reaching a peak of $19,000 per NFT before settling at $11,742 at the time of this publication.
The frenzy surrounding memecoins has also been a prominent feature of the current crypto bull run. On March 14, WIF achieved an all-time high of $3, as passionate memecoin enthusiasts raised over $700,000 to promote the token’s logo on the Las Vegas sphere. WIF has emerged as the top-performing memecoin in this cycle, with gains exceeding 1,000,000% since its launch in late November 2023, aided by its recent listing on Binance.
In a similar incident on March 18, token developer Slerf accidentally burned 53,000 SOL during a highly anticipated presale, resulting in a complete loss for investors who had contributed their funds to the airdrop.
Furthermore, an unnamed presale address managed to amass an astonishing $33 million worth of SOL within just one hour, further highlighting the remarkable demand for these tokens.