Elon Musk Boosts Milady NFT Market with a Single Tweet
The NFT market saw another “Musk effect” on May 10, when Elon Musk tweeted a meme using artwork from the Milady NFT collection. The post instantly sent the collection’s floor price soaring, nearly doubling within hours.
The Milady floor price jumped from 3.8 Ether (ETH) to as high as 7.3 ETH before settling around 5.69 ETH, according to data from NFT marketplaces.
Musk’s tweet featured a cropped image of a Milady NFT alongside a captionless meme — a formula that has previously caused sharp price swings in crypto-related assets and collections.
The Milady Collection: Web3 Street Style
Created in 2021 by the digital art collective Remilia, Milady is a series of 10,000 anime-inspired profile picture NFTs characterized by distinctive street-style aesthetics.
The collection was spearheaded by artist Charlotte Fang, founder of the Remilia decentralized autonomous organization (DAO). Its name, “Milady,” derives from the old English phrase “my lady,” often used online in ironic or satirical contexts referencing exaggerated chivalry and “nice guy” tropes.
Musk himself has a history with the term — he referenced “my shield is yours” in a tweet four years prior, making this post a playful callback for many of his followers.
Controversy and Resilience
Milady’s trajectory hasn’t been without turbulence. In May 2022, the project’s floor price dropped by more than 50% following allegations that Charlotte Fang had previously engaged in fringe online communities. Fang later admitted to “juvenile trolling” but denied any harmful behavior, ultimately stepping down from the project.
Despite the controversy, Milady retained a strong following among Web3 and crypto communities. Influencers and collectors, including Su Zhu, co-founder of the now-bankrupt hedge fund Three Arrows Capital, have openly supported the project.
As of today, Milady NFTs have recorded over 39,000 ETH in cumulative trading volume on OpenSea, underscoring their enduring presence in the NFT ecosystem.
The Musk Effect on Digital Assets
Elon Musk’s social media influence continues to have a dramatic impact across digital markets — from meme coins like DOGE to NFT collections like Milady.
While prices often retrace after initial spikes, the attention Musk brings frequently revives dormant projects, reigniting speculation and discussion.
For Milady, the sudden surge has once again spotlighted the intersection of internet culture, digital art, and speculative crypto trading — proving that a single tweet from Musk can still move markets overnight.
