Home Business Elon Musk tweets about NFT and price shoots up 57 percent

Elon Musk tweets about NFT and price shoots up 57 percent

Elon Musk Reveals Crypto Plans for Twitter in Leaked Transcript

None other than Elon Musk, the CEO of Twitter, Tesla and SpaceX, decided yesterday to turn the crypto world upside down again. This time by publishing a meme of a Milady Maker NFT on his Twitter. Musk gave no explanation for this, so the meme with the text “There is no meme. I love you” should speak for itself.

Over 200,000 likes

It’s bizarre to see how much power Elon Musk has on this front. He publishes a simple meme and scores more than 200,000 likes with it. His following is so huge that there seems to be very little he can’t pull off.

As a result of the meme being published, the prices of the NFT collection have increased by 57 percent. Where the floor price for Milady NFTs before the tweet was still at 3.75 Ethereum, it is now at 5.25 Ethereum or about $10,000.

On the NFT marketplace OpenSea, after Musk’s messages, there was a real run on Miladys. 600 were sold in one hour, representing a volume of several million dollars. Just because of a tweet from Elon Musk.

This makes Milady by far the best-selling NFT project for the past 24 hours. The question is now what exactly Musk wanted to say with the post. The chances seem small that he is actually a fan of NFTs.

Negative about NFTs

Earlier, Musk called Twitter’s decision to allow NFT profile pictures “bullshit.” According to the entrepreneur, the company could have focused better on solving the spam problem, for which he himself does not yet have a solution after he took over the helm a few months ago.

But based on his messages of January 21, 2022, it seems clear that Elon Musk does not like NFTs at all and sees no future or value in them. On that note, it’s odd that the Milady collection is now up 57 percent as a result of the Musk-published meme.

The chance seems very small that he actually invests in the pictures. Although you never know with someone like Elon Musk. It may also be that he is trying to rally behind certain online communities and expand his popularity in this way.

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