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So there's this whole saga with Charlotte Fang and Remilia Corporation that's honestly pretty wild. The guy basically built one of the biggest NFT communities with Milady Maker back in 2021, and it became a legit success story - floor price hit 1.55 ETH by early 2022. But then things got messy.
Charlie Fang got caught up in some serious controversy when old tweets resurfaced with racist and homophobic content. He claimed it was all performance art or whatever, but the damage was done. Milady's floor tanked. Then Elon tweeted about Milady in May 2023 and suddenly everything bounced back - it became one of the top NFT collections. Classic NFT drama followed by a comeback.
But Charlotte Fang wasn't done. He filed a lawsuit against some team members in September 2023, though he dropped it later. Despite all the baggage, Milady stayed strong and became one of the most traded collections.
Then earlier this year, Charlotte Fang and crew launched $CULT - a meme coin tied to the Milady ecosystem. The FDV hit over $845 million at launch, which was insane. They allocated 50% as a 'Cult fund,' gave 15% to the team with vesting, and split another 20-35% to the treasury. Milady holders got airdropped tokens too.
Right now though, $CULT has cooled way down. Current price is basically nothing and the market cap is around $3.5M with a fully diluted valuation near $4.5M. Wild swing from those launch numbers. Charlotte Fang's whole journey - from the Milady success to the scandals to launching $CULT - it's basically the entire NFT industry in one story. Hype, controversy, recovery, and then... deflation.