Elon Musk pumped Milady’s NFT collection

Elon Musk again staged a price pump on the crypto market. This time it was not the meme-coins that were “lucky”, but the Milady NFT project.

The collection was created in 2021 by the Remilia digital artist team. It includes 10,000 anime art tokens.

So, Musk posted a picture of one of the heroines.

pic.twitter.com/4s6HwnCY74

— Elon Musk (@elonmusk) May 10, 2023

As a result, NFT sales increased by 500%, and the minimum price increased by 50%.

However, the Lookonchain service found this case rather suspicious. They began an investigation and revealed a lot of curious details.

We found a mysterious address.

— Created 1 hour before #Elon_Musk tweeted about #milady.

— Withdrew 25 $ETH ($45,362) #Binance and bought 8T $LADYS at $0.000000005652.

— No other transactions.

is it a coincidence?👀 pic.twitter.com/3IQLZefo7q

— lookonchain (@lookonchain) May 10, 2023

Further, it turned out that DWF Labs was involved in the deal. Developer Milady has added the top 3 LADYS owners to the blacklist. Two of those three addresses seem to belong to DWF Labs. They became the largest holder and now own 30.6 tons of LADYS tokens ($1.9 million).

One of the addresses received 10,000 USDT from DWF Labs.

2/ Address 0xBc08 once received 10,000 $USDT from DWF Labs: 0xd4b6, which may also belong to DWF Labs.https://t.co/O1BQeHl7Jkhttps://t.co/jspOSY9XVB pic.twitter.com/qFP86OFnm0

— lookonchain (@lookonchain) May 11, 2023

And the second is ether.

3/ The 2 addresses of DWF Labs spent a total of 18.82 $ETH ($34,791) to buy 31.3T $LADYS and sold 671B $LADYS for 16.22 $ETH($29,884).

DWF Labs currently holds 30.6T $LADYS ($1.9M), with a profit of $1.9M(~55x). pic.twitter.com/YcsrgjaGzE

— lookonchain (@lookonchain) May 11, 2023

So far, DWF Labs has not commented on this investigation.

Stay in touch! Subscribe to CryptoNewsHerald.com at Telegram.