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You've probably noticed the NFT space is full of wild characters, but few have had a journey quite like Krishna Okhandiar. The guy behind Remilia Corporation and Milady Maker is basically the poster child for NFT drama—massive wins followed by brutal downturns, then somehow bouncing back again.
So here's the thing: Krishna Okhandiar started with Milady Maker back in 2021, and it actually worked. The neo-chibi NFT collection hit 1.55 ETH floor price by April 2022, looking unstoppable. Then came the controversy. Old tweets resurfaced, accusations of racism and homophobia surfaced, and suddenly the whole project tanked. But instead of disappearing, he owned it (sort of), apologized, and the community actually stuck around. When Elon tweeted about Milady in May 2023, the floor price shot back up. Wild recovery.
Then Krishna Okhandiar and the team decided to launch $CULT, a meme coin that hit an $845M FDV at launch. They allocated 50%+ to a 'Cult fund,' gave 15% to the team with vesting, and dropped tokens to NFT holders. Looked promising at first—the project was trading at $0.003393 with a $145M market cap.
But here's where it gets interesting: the crypto market doesn't forget. As of now, $CULT is trading near zero with a market cap of just $3.49M. That's a brutal collapse from the hype days. Whether Krishna Okhandiar's next move will be another comeback or a final exit is anyone's guess. The man's story is basically a case study in how fast things can flip in this space—from cult leader to cautionary tale.