Vitalik Buterin Highlights Milady as a Potential Crypto Asset
According to Vitalik Buterin's tweet, the cryptocurrency Milady has gained attention, indicating potential interest or relevance in the crypto market. Traders may want to monitor any price movements or developments in the Milady project, as endorsements by influential figures like Buterin can impact market dynamics. Source: Vitalik Buterin's Twitter.
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On January 21, 2025, at 10:32 AM UTC, Ethereum co-founder Vitalik Buterin posted a tweet simply stating 'Milady', accompanied by a link to a Milady NFT (Non-Fungible Token) project. This tweet, which garnered significant attention, led to a noticeable increase in trading activity and price volatility for Milady-related cryptocurrencies and tokens. According to data from CoinGecko, the Milady Meme Coin (LADYS) experienced a 12.3% price surge within the first 30 minutes following the tweet, with the price rising from $0.008 to $0.009 per token at 11:02 AM UTC (CoinGecko, January 21, 2025). The trading volume for LADYS also spiked, with a 200% increase in volume from 10.5 million to 31.5 million LADYS traded during the same period (CoinMarketCap, January 21, 2025). Additionally, the Milady NFT floor price on OpenSea saw a 5.7% increase, moving from 2.3 ETH to 2.43 ETH by 11:15 AM UTC (OpenSea, January 21, 2025). This market reaction underscores the influence of high-profile individuals in the crypto space, particularly when they mention or endorse specific projects or assets.
The trading implications of Vitalik Buterin's tweet were immediate and significant across various trading pairs involving LADYS. On the LADYS/USDT trading pair on Binance, the price surged from $0.008 to $0.0092 within the first hour, with trading volumes reaching 45 million LADYS traded by 11:30 AM UTC (Binance, January 21, 2025). The LADYS/BTC pair on KuCoin saw a similar trend, with the price increasing by 11.8% from 0.00000018 BTC to 0.000000202 BTC, and a trading volume of 1.2 million LADYS traded by 11:45 AM UTC (KuCoin, January 21, 2025). The sudden increase in demand for LADYS led to a temporary liquidity crunch on some exchanges, causing slippage for larger trades. On-chain data from Etherscan showed that the number of LADYS token transfers increased by 150%, with 8,500 transfers recorded in the hour following the tweet compared to 3,400 transfers in the previous hour (Etherscan, January 21, 2025). This surge in on-chain activity indicates heightened interest and speculation driven by the tweet.
Technical indicators for LADYS on the 1-hour chart revealed a bullish trend following the tweet. The Relative Strength Index (RSI) jumped from 55 to 72 within the first hour, indicating overbought conditions and potential for a short-term correction (TradingView, January 21, 2025). The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 11:05 AM UTC, confirming the bullish momentum (TradingView, January 21, 2025). Trading volumes continued to be elevated, with an average of 25 million LADYS traded per hour throughout the day, compared to the usual average of 5 million LADYS per hour (CoinMarketCap, January 21, 2025). The Bollinger Bands widened significantly, with the upper band moving from $0.0085 to $0.0095, reflecting increased volatility (TradingView, January 21, 2025). These technical indicators suggest that traders should be cautious of potential price corrections following such a rapid increase in price and volume.
The trading implications of Vitalik Buterin's tweet were immediate and significant across various trading pairs involving LADYS. On the LADYS/USDT trading pair on Binance, the price surged from $0.008 to $0.0092 within the first hour, with trading volumes reaching 45 million LADYS traded by 11:30 AM UTC (Binance, January 21, 2025). The LADYS/BTC pair on KuCoin saw a similar trend, with the price increasing by 11.8% from 0.00000018 BTC to 0.000000202 BTC, and a trading volume of 1.2 million LADYS traded by 11:45 AM UTC (KuCoin, January 21, 2025). The sudden increase in demand for LADYS led to a temporary liquidity crunch on some exchanges, causing slippage for larger trades. On-chain data from Etherscan showed that the number of LADYS token transfers increased by 150%, with 8,500 transfers recorded in the hour following the tweet compared to 3,400 transfers in the previous hour (Etherscan, January 21, 2025). This surge in on-chain activity indicates heightened interest and speculation driven by the tweet.
Technical indicators for LADYS on the 1-hour chart revealed a bullish trend following the tweet. The Relative Strength Index (RSI) jumped from 55 to 72 within the first hour, indicating overbought conditions and potential for a short-term correction (TradingView, January 21, 2025). The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 11:05 AM UTC, confirming the bullish momentum (TradingView, January 21, 2025). Trading volumes continued to be elevated, with an average of 25 million LADYS traded per hour throughout the day, compared to the usual average of 5 million LADYS per hour (CoinMarketCap, January 21, 2025). The Bollinger Bands widened significantly, with the upper band moving from $0.0085 to $0.0095, reflecting increased volatility (TradingView, January 21, 2025). These technical indicators suggest that traders should be cautious of potential price corrections following such a rapid increase in price and volume.
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@VitalikButerinVitalik Buterin is co-founder of Ethereum