Remilia Corporation, the story behind this studio, honestly, is worth a good look. Especially the experience of the founder, Charlotte Fang, which is one of the craziest scripts in the crypto world.

You may have heard of Milady Maker, that popular NFT series. In August 2021, Charlotte Fang and her team launched this Neo-Chibi style collection, 10,000 cartoon artworks on Ethereum. Their strategy was simple—set up a Minecraft server, and it actually worked. Milady Maker sold out quickly, and by April 2022, the floor price had skyrocketed to 1.55 ETH.

But that’s where the problem lies. In May 2022, an old Twitter account linked to Charlotte Fang was exposed, revealing some extremely inappropriate content. Racial discrimination, homophobia, white nationalism comments—all were present. This caused a huge shock to the Milady community, and the floor price plummeted. Fang later admitted that the account was his and said it was used for performance art, but this explanation clearly didn’t fully quell public opinion.

The turning point came in May 2023. Elon Musk retweeted a meme about Milady, and that tweet completely changed the game. The floor price rebounded, and three months later, Milady Maker became the third most expensive multi-million PFP series. Charlotte Fang seemed poised for a comeback.

Then in September 2023, he sued three members of the Milady team. Although this caused some waves at the time, the strong community cohesion meant that the FUD wasn’t as severe as expected. By the beginning of this year, Fang withdrew the lawsuit. Now, Milady Maker is one of the most active NFT series in the market, with a floor price stabilized at 4.90 ETH.

But what really draws attention is Charlotte Fang’s recent new move. Earlier this year, he and his team launched $CULT , a highly anticipated Meme coin. At launch, the FDV exceeded $845 million, with a total supply of 10 billion tokens. The team allocated half as a “Cult Fund,” gave 15% of the tokens to Milady Maker holders (locked for 18 months), and Fang and his team took 20-35%. Holders of Milady and Redacted Remilio Babies NFTs also received exclusive airdrops.

But that’s the cruel reality. From an initial price of $0.003393, $CULT has now fallen to nearly zero. Its fully diluted market cap, once $339 million, is now only $4.37 million. The speed of this project’s decline is truly lamentable.

Looking at the story of Charlotte Fang and Remilia Corporation, you’ll see that the crypto market is like this—ups and downs, one project’s success doesn’t guarantee the next. Milady Maker managed to bounce back from scandal, but $CULT failed to continue that shine. For anyone looking to make a fortune in NFTs and Meme coins, it’s a lesson worth pondering.