Just went down a rabbit hole on Charlotte Fang and honestly, this guy's story is wild. The man behind Remilia Corporation has basically built one of the most talked-about NFT ecosystems in crypto, but the path there was anything but smooth.

So here's what went down. Charlotte Fang started dabbling in the NFT space back in 2021, threw out this meme-like NFT series called Yayo that didn't really stick around. But he didn't give up. Instead, he went back to what he knew – art – and that's when things got interesting. In August 2021, Fang and his crew launched Milady Maker, a neo-chibi NFT collection with 10,000 pieces on Ethereum. The roadmap was basically just a Minecraft server, and somehow that actually worked. The collection sold out and started gaining serious traction.

By April 2022, Milady Maker floor prices were sitting pretty at 1.55 ETH. Then boom – May 2022 hit and everything went sideways. Turns out Charlotte Fang had an old Twitter account posting some really questionable content – racist, homophobic, white nationalist stuff. The accusations hit hard and the floor price crashed. Fang eventually admitted it was from an old account he used for "performance art" and apologized for keeping it hidden. He claimed Milady had nothing to do with any of it.

But here's where it gets interesting – the community actually stuck with it. By May 2023, when Elon Musk posted about Milady, the whole thing rebooted. The floor price jumped back up and eventually Milady became the third most expensive 10,000 NFT PFP collection. Even with the drama in September 2023 when Charlotte Fang sued some team members, the cult-like community held strong.

Fast forward to earlier this month, and Charlotte Fang dropped the CULT token – a meme coin with 10 billion total supply. The launch was massive, hitting an FDV of over $845 million. The team allocated more than half to the "Cult fund," 15% to the team with an 18-month vesting period, and 20-35% to the Remilia treasury. Milady and Redacted Remilio Babies holders got exclusive airdrops too.

As of now, CULT is trading around $0.00 with a circulating market cap of $3.51M and FDV of $4.46M. Pretty different from those initial launch numbers, which tells you something about how volatile these meme coin launches can be. Charlotte Fang has definitely proven he can build cult followings – literally – but whether CULT sustains or becomes another cautionary tale is still the question. Definitely one to watch though.