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The Milady Founder Nobody Talks About: From Startup Flop to $20M Fundraise

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Charlotte Fang’s journey reads like a crypto drama script. Started with Yayo (dead on arrival), pivoted to Milady in Aug 2021—basically a Minecraft server NFT that somehow caught fire. By Apr 2022, hit 1.55 ETH floor price, top-tier blue-chip territory.

Then shit got real. May 2022: DefiLlama founder exposed that Fang was running a “social experiment” account (Miya) posting racist and homophobic content. Milady floor crashed to 0.26 ETH overnight. The community went nuclear.

Fang’s response? Radio silence first, then a “it’s all performance art, you misunderstood me” counterargument. Plot twist: people actually bought it. Price recovered, core holders stayed loyal through 2022 crypto winter.

May 2023—Elon Musk casually tweets using Milady emojis with “There is no meme, I love you.” That one tweet became the butterfly effect nobody expected. Three months later, Milady became the second-highest floor price 10K PFP after Cryptopunks and BAYC.

But wait, there’s more drama: Sept 2023, internal lawsuit against three team members (details still murky). Voluntarily withdrew it early 2024.

Current status: Milady still top 10 PFP, $20M raised from CULT token pre-sale, regular airdrops, and Fang’s daily tweets are basically Milady cult manifestos.

So…genius creator or cult leader playing 4D chess? The data says one thing, the vibe says another.

ETH3.54%
CULT5.07%
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