Milady’s novel Solana memecoin, known as Milady Wif Hat, has generated a staggering $18.7 million in just two hours after its presale announcement. The collection, consisting of 10,000 anime-inspired profile picture avatars, has gained immense popularity during the ongoing crypto bull market.
The presale for Milady Wif Hat began on March 18, with a minimum investment of 1 SOL and a maximum cap of 88,888 SOL. However, the demand was so overwhelming that the presale quickly became oversubscribed. The team behind Milady Wif Hat promptly announced the closure of the presale, stating that any additional Solana raised would be fully refunded.
The success of the Milady NFT collection can be attributed, in part, to the endorsement of Su Zhu, co-founder of Three Arrows Capital. Zhu expressed his excitement for the project, praising the quality of the memes and the vibrant community surrounding Milady. As a result, the price of Milady NFTs skyrocketed to $19,000 each before settling at $11,742 at the time of writing.
The frenzy surrounding memecoins has also contributed to the overall excitement in the crypto market. One notable example is the memecoin Dogwifhat (WIF), which reached an all-time high of $3 on March 14. Fans of the memecoin even raised over $700,000 to advertise its logo on the Las Vegas sphere. Since its launch in late November 2023, WIF has seen extraordinary gains of over 1,000,000%, making it the best-performing memecoin of the current cycle.
However, not all presales have been smooth sailing. On March 18, token developer Slerf accidentally burned 53,000 SOL during a highly anticipated presale, resulting in a significant loss for investors who had put their funds in the airdrop.
In a similar vein, an unnamed presale address managed to accumulate $33 million worth of SOL within just one hour, further highlighting the frenzy and excitement surrounding the crypto market.
Overall, the Milady’s novel Solana memecoin and the Milady NFT collection have captured the attention of crypto enthusiasts and investors, showcasing the immense potential and popularity of NFTs in today’s digital landscape.