Milady NFT creators launch CULT memecoin, Tops $800M Market Cap

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As a seasoned analyst with years of experience in the crypto market, I find myself intrigued by the rapid rise and subsequent stabilization of CULT, the memecoin born from the popular NFT collection Milady. With my finger on the pulse of the ever-evolving blockchain landscape, it’s clear that this move marks a significant milestone for the industry.

The makers behind the widely recognized NFT series Milady, have introduced the CULT meme token, with its Token Generation Event happening on December 9. Rapidly gaining popularity, the meme token surged to a market cap of approximately $850 million before stabilizing around $655 million.

As a crypto investor, I’ve recently taken notice of the new token called CULT, which has just been launched on the Ethereum network with a total supply of 10 billion tokens. According to DEXScreener, the current trading price for CULT is around $0.006607, following its all-time high of $0.01172 it reached earlier in the day.

Last month of this year, Remilia Corporation unveiled a new token, which had already garnered over $20.5 million during its pre-sale phase. This innovative company is also responsible for creating and developing Milady Maker and various well-known NFT projects.

As a researcher immersed in the ever-evolving digital landscape, I’ve noticed a resurgence in popularity surrounding Non-Fungible Tokens (NFTs). Particularly, Milday NFTs and other collections are seeing a surge in interest. A significant event in this sphere is the launch of a memecoin by an NFT project, which represents a remarkable step forward for our industry.

Approximately 50% of the entire CULT token pool has been designated as the “Cult Fund,” intended for distribution at token launch and periodic distributions later on. Fifteen percent of the total supply is reserved for the project team, with a vesting period of 18 months. Lastly, the Remilia project’s treasury holds between 20% and 35% (depending on pre-sale results) of the token supply, also subject to a six-month vesting period.

According to the team’s token distribution details, owners of Milady Maker and Redacted Remilio Babies Non-Fungible Tokens (NFTs) are eligible for an exclusive distribution of CULT tokens as a special benefit.

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2024-12-09 15:18