Milady's novel Solana memecoin, named Milady Wif Hat, attracts 91,486 SOL ($18.7 million) in just two hours, closing at an oversubscribed cap of 88,888 SOL with 100% funds return policy. The anime-inspired NFT collection gains traction amid the crypto bull market.
Unique digital asset (NFT) series known as Milady’s groundbreaking Solana memecoin has captured the attention of investors, drawing in a staggering 91,486 SOL ($18.7 million) within a mere two-hour window following its presale announcement.
Announced on March 18, Milady disclosed details about the Solana memecoin, dubbed Milady Wif Hat in homage to the renowned Solana memecoin Dogwifhat (WIF). The minimum investment required for Milady Wif Hat stands at 1 SOL, with a maximum cap set at 88,888 SOL. Shortly after the announcement, the presale quickly reached its limit. The team behind the project declared, “Milady Wif Hat presale has reached its maximum allocation of 88,888 SOL and is now closed,” further stating, “Excess Solana raised will be refunded in full.”
The Milady NFT series consists of 10,000 anime-inspired profile picture avatars, garnering significant attention amid the ongoing bullish trend in the cryptocurrency market and endorsements from Su Zhu, co-founder of the Singapore-based hedge fund Three Arrows Capital.
"Hey, Milady community! Couldn't resist grabbing some Miladys after hearing about your epic memes in web3," Zhu exclaimed on March 6, continuing, "Absolutely pumped to dive into this community! Let's go to the moon, my fellow enthusiasts!" Following Zhu's endorsement, the price of Milady NFTs surged twofold, reaching a peak of $19,000 each within days before settling at $11,742 at the time of this publication.
Announcement: Closure of Milady wif hat presales! Milady Wif Hat presale has reached its limit of 88,888 SOL and is now closed. Excess Solana raised will be fully refunded. Thank you for your overwhelming support! pic.twitter.com/zEzDGEVlQy
Memes-based cryptocurrencies have witnessed a surge in popularity amid the current crypto bull market. On March 14, WIF attained an all-time high of $3 as enthusiasts raised over $700,000 to display the token’s logo on the Las Vegas sphere. WIF stands out as the top-performing memecoin in the current cycle, boasting gains exceeding 1,000,000% since its launch in late November 2023, bolstered by its recent listing on Binance.
In a parallel event on March 18, token developer Slerf unintentionally burned 53,000 SOL during a highly anticipated presale, resulting in significant losses for investors who participated in the airdrop.