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So I've been diving into this whole Milady saga lately, and there's actually a pretty wild story behind it that most people don't know about. The creator, Charlotte Fang, basically built one of the most controversial NFT communities out there, and the drama surrounding him is honestly next level.
Here's the thing - Milady wasn't even his first rodeo. Before he made waves with this pixel art NFT series, Charlotte Fang (originally Krishna Okhandiar) had already experimented with a short-lived Meme coin project called Yayo. But that fizzled out pretty quick. Then in August 2021, he launched Milady - a cartoon-style NFT series with a pretty simple roadmap: build a Minecraft-like server. Sounds basic, right? But the market ate it up. By April 2022, floor prices hit 1.55 ETH and it was climbing into blue-chip territory.
But then things got messy. Turns out Charlotte Fang had been running a virtual identity account called Miya that posted some seriously extreme content - racist, homophobic, white nationalist stuff. In May 2022, DefiLlama's founder exposed it, and the community went nuclear. Milady's floor price crashed to 0.26 ETH. Instead of addressing it directly, Charlotte Fang just went silent at first, then later claimed it was all "performance art" and a misunderstanding.
Here's where it gets interesting though - people actually believed him. Or at least, enough people did. The core community stuck around, the price recovered, and Milady survived the 2022 crypto winter. For about a year, things stabilized.
Then Elon Musk tweeted with a Milady emoji on May 10, 2023, and that basically changed everything. Suddenly Milady was everywhere. By mid-2023, it became the second-biggest 10K PFP series after Cryptopunks and BAYC.
But even with all that success, Charlotte Fang's journey has been anything but smooth. There were internal conflicts with team members, lawsuits filed and then withdrawn. Yet somehow, despite all the controversy, Milady is still sitting in the top tier of PFP NFTs, and Charlotte Fang managed to raise $20 million through his CULT token presale.
The guy clearly knows how to work the internet and build hype. Every tweet reads like a Milady cult manifesto. Whether he's a misunderstood genius or just someone who knows exactly how to push buttons, the market keeps rewarding him. That's the real story here.