💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

This Meme Coin Is Up 89%, Outshining Dogecoin, Shiba Inu — Short Sellers Face Liquidations

Published 15/05/2023, 06:28
© Reuters.  This Meme Coin Is Up 89%, Outshining Dogecoin, Shiba Inu — Short Sellers Face Liquidations

Benzinga - Milady Meme Coin (LADYS) is up 89% in the last 24 hours, outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) gains.

What Happened: According to data from Coinglass, over $423,110 worth of LADYS has been liquidated in the last 24 hours, with shorts worth $326,330 being liquidated.

The surge was triggered by a tweet from Twitter Chief Elon Musk featuring a character from the Milady Maker NFT project and the caption “There is no meme, I love you”.

With a reach of almost 31.56 million people, the tweet quickly went viral, amassing over 243,800 likes and more than 24,100 retweets.

See More: The Art Of The Future: Lisa Ray’s TheUpsideSpace Bring NFTs To Center Stage

Why It Matters: As of writing, LADYS is trading at $0.00000005783.

It's important to note that Milady Meme Coin and the Milady NFT Project are not affiliated or associated with each other.

DOGE was trading at $0.07273 up 1% while SHIB was at $0.000008836, up 0.96% in the last 24 hours, according to Benzinga Pro.

Read More: Bitcoin, Ethereum, Dogecoin Rise Amid Investor Optimism: Analyst Says Buy King Crypto When ‘There’s Blood On The Streets,’ Predicts $35K Level

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.