The NoMeme ($NOMEME) token was launched shortly after Elon Musk tweeted an image of the Milady NFT, and its price surged 700% within an hour and a half of its launch.
The new token was trading at $0.0007525 on decentralized exchange Uniswap, quickly amassing $12 million in trading volume.
$NOMEME also has an impressive total locked liquidity of $4.5 million, and analysts are already talking about its 100x return potential.
In Musk’s tweet, he captioned the NFT image:
“No memes — I love you.” It was a typically cryptic comment from Musk, or maybe not cryptic at all.
Maybe Musk just likes the series. It’s a typically cryptic tweet, fitting for the Milady NFT series, which is surrounded by mystery. The series is believed to be the work of the New York-based Remilia art collective.
Perhaps unsurprisingly, Elon Musk’s tweet sent the Milady NFT price soaring. The reserve price for MIL is as high as $10,575, or 5.7134 ETH at the current exchange rate.
The value of the Milady Maker NFT collection has surged 54% on top NFT marketplace Opensea.
Did Elon Musk give birth to a new category of coins with $NONAME as the pioneer?
Elon Musk is well known for his role in driving up the price of meme coins Dogecoin and Shiba Inu, so fast-moving crypto engineers and teams have shown great agility in quickly taking advantage.
It’s unclear who was behind $NOMEME, but it was posted at 19:00 UTC, within three hours of Musk’s tweet.
Those in the know who are following the latest hot trends in the crypto market will act quickly to seize this opportunity to reap gains, which could result in astronomical returns for token owners.
NoMeme ranks first on Dexscreener:
$NOMEME immediately killed zero, breaking through $0.0010 in the hourly chart at the start of trading. The new coin is trading at $0.0007772 at the time of writing.
Early price action is expected to rapidly appreciate in the coming hours as word of the coin’s existence spreads.
Such is the reach of Elon Musk — his Milady tweet has been viewed 15.6 million times and liked 141,500 times — that word of “NoMeme” spread like wildfire across the internet, as did interest in buying NOMEME.
It looks like the team behind the token has made it super easy to buy the token. Just head over to the nomeme.io website, connect your wallet to the Uniswap widget and make your purchase.
Ethereum gas fees are currently a reasonable $20 by recent standards, compared to $90 or more last week.
$NOMEME is waiting for another bounce
Will Milady-branded coins and the No Meme skit provide the basis for an entirely new breed of coins and become the “cancel culture” kryptonite that kills off Pepe and the new wave of $SPONGEmeme coins? Probably not.
Regardless of the near-term prospects for meme coins, $NOMEME has already provided another magnetic pole of attraction for speculative money flowing into the cryptocurrency space.
In fact, $NOMEME may be the memecoin anti-hero that becomes the ultimate memecoin.
It wasn’t the only player in town, either. Milady Meme Coin, another Musk-inspired token, also surged, up 5,400% to $0.00000007964.