Crypto Nightmare: OFAC To Allegedly Place Milady Wallet Owners On Blacklist
May 11 2023 - 6:00PM
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The frenzy around meme-based cryptocurrencies continues, with a new
player stealing the headlines from PEPE coin. Milady is the latest
entrant in this space, and its self-organized meme coin, LADYS, is
based on an anime avatar non-fungible token (NFT) collection. In
just 24 hours, the value of Milady’s LADYS coin surged by an
astonishing 5,250% and reached a trading price of $0.0000001528.
Related Reading: Winner Takes All: Bitcoin And DXY Compete For
Global Financial Dominance Milady Crypto Holders Beware? However,
The surge in the value of Milady’s LADYS coin has been accompanied
by a concerning rumor. It has been suggested that wallets holding
Milady coins will be placed on the Office of Foreign Assets Control
(OFAC) blacklist. This list maintained by the US Treasury
Department identifies individuals and organizations subject to
economic sanctions and other restrictions. The reasons behind this
rumor are unclear, and it is important to note that any official
sources have not confirmed it. However, such a move by the US
government could have serious implications for anyone holding
Milady coins. Being placed on the OFAC blacklist could make it
difficult for individuals to conduct financial transactions or
access certain services. It is unclear why such sanctions would
target Milady. While using cryptocurrencies for illicit purposes
has been a concern for regulators, there is no evidence to suggest
that Milady or its LADYS coin is being used for anything illegal.
Additionally, the idea that wallets holding a particular
cryptocurrency would be targeted for sanctions is unusual. Despite
the concerning rumor that wallets holding Milady coins may be
placed on the OFAC blacklist, the cryptocurrency continues to
experience a powerful uptrend and post significant gains. Milady’s
LADYS coin has surged by over 71.5% within the last 24 hours.
Despite the rumors, this remarkable growth indicates that investors
and traders still show confidence in the cryptocurrency. Will LADYS
Coin Follow The Footsteps Of DOGE And SHIBA INU For 100x Growth? In
the world of cryptocurrency, the rise of meme-based coins has been
nothing short of phenomenal. Coins like DOGE and SHIBA INU have
skyrocketed in value, delivering massive returns to early
investors. Some wonder whether Milady’s LADYS coin could be the
next big thing in the meme coin world. According to Crypto Koryo, a
popular cryptocurrency analyst, Milady’s LADYS coin has followed
the same formula as other successful meme coins. The project’s
Twitter and Telegram accounts were created on May 6th, and just two
days later, the LADYS token went live. On the same day, the project
posted its first tweet. However, what caught Crypto Koryo’s
attention was that Milady’s team quickly reached out to several big
influencers on Twitter. These influencers, including GevCrypto,
AlmiraCrypto, and GiveAwayHost, have a combined following of over 2
million people. While these followers may be fake or bought, they
are still enough to give Milady’s LADYS coin visibility and
exposure to a large audience. The success of meme coins like DOGE
and SHIBA INU has shown that social media hype and speculation can
drive massive price increases quickly. However, as Crypto Koryo
points out, the future of Milady’s LADYS coin is far from certain.
While the coin has grown significantly, it could just as easily
crash and burn depending on various factors. Compared to its
nearest competitor PEPE coin, LADYS coin is currently leading the
meme coin frenzy. While Milady’s LADYS has experienced significant
growth, PEPE coin has suffered a decline of over 28% since
yesterday. Related Reading: Bitcoin Bearish Chart Pattern Looms,
Legendary Trader Sounds Warning Featured image from Unsplash, chart
from TradingView.com
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