SNEAK PEEK

• Investors are showing an increased interest in meme coins.
• An investor sold 174 ETH (equivalent to $321K) and bought 2 trillion LADYS tokens at $0.0000001504 per token.
• LADYS token has seen an 11.92% surge in the last 24 hours, reaching a price of $0.00000006875.

Investors and traders have shifted their attention to meme coins due to the recent growth of the meme coin market in digital assets. According to a recent Twitter post by Lookonchain, an investor sold Ethereum (ETH) tokens and bought Milady (LADYS).

This investor withdrew 174 ETH (equivalent to $321K) from the platform Gate.io. With his newly acquired funds, he took a leap of faith and invested in a whopping 2 trillion LADYS tokens, each valued at $0.0000001504.

Buying #MEME coin is risky, keep your funds safe!

This guy lost 100 $ETH ($190K) on $LADYS.

He withdrew 174 $ETH ($321K) from https://t.co/Q1M8T0O4yl and bought 2T $LADYS at $0.0000001504.

Then only sold for 73.5 $ETH($130K) at a price of $0.00000006142. pic.twitter.com/XEByhIe0PW

— Lookonchain (@lookonchain) May 12, 2023

However, his investment journey took an unexpected turn. To secure some returns, he decided to sell his LADYS tokens, managing to fetch 73.5 ETH (approximately $130K). The selling price per token was a mere $0.00000006142.

Following Elon Musk’s recent tweet, the billionaire shared a Milady Non-Fungible Token (NFT) on his Twitter account, causing a surge of volatility in the LADYS market price. Consequently, this triggered a wave of investors eagerly purchasing the LADYS token, anticipating substantial profits from their investments.

PeckShieldAlert monitoring recently uncovered the theft of NFT MiladyMaker of 5275 by a fraudulent individual named Fake_Phishing76183 on OpenSea. Shockingly, this stolen artwork has already been swiftly sold on BLUR for an astonishing price of 4.28 ETH.

#PeckShieldAlert #Phishing #NFT #MiladyMaker #5275 is stolen by Fake_Phishing76183 on #OpenSea
hours ago and already sold for 4.28 $ETH on #BLURhttps://t.co/04QEx8IzpR pic.twitter.com/nhpSrKI5eP

— PeckShieldAlert (@PeckShieldAlert) May 12, 2023

The incident, just a few hours ago, highlights the urgency for enhanced security measures within the NFT ecosystem.

The native token of Milady, LADYS, is currently experiencing a bullish sentiment, as it has surged by an impressive 11.92% in the last 24 hours and is now being traded at $0.00000006875.

However, the significant decrease in its trading volume by 66.71% to $68,672,559 indicates a potential upcoming price reversal in the Milady market. Traders and investors should closely monitor the market conditions to anticipate any possible shifts in price.

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• Source: https://investorbites.com/investors-journey-from-ethereum-to-meme-coin-milady-a-rollercoaster-ride-of-gains-and-losses/