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So you've probably heard about Milady Maker, right? That NFT collection that somehow became one of the biggest in the market. Behind it all is Krishna Okhandiar, the guy running Remilia Corporation—an art-industrial operation that's been making waves in the NFT space since 2021.
Krishna Okhandiar's journey has been... interesting, to say the least. He started with a meme-coin-like NFT series called Yayo back in 2021, but that didn't stick. Then he pivoted hard into the art world and dropped Milady Maker in August 2021—a neo-chibi NFT collection with 10,000 cartoon pieces on Ethereum. Their roadmap was simple: just a Minecraft server. Sounds random, but it worked. By April 2022, the floor price hit 1.55 ETH and everyone thought they'd cracked the code.
But then things got messy. In May 2022, an X account linked to Krishna Okhandiar posted some seriously problematic content—racist, homophobic, white nationalist stuff. The community went into freefall. The floor price tanked. Later, Krishna Okhandiar admitted the account was his but claimed it was all "performance art" and apologized for the whole thing. He said it had nothing to do with Milady itself, just toxic baggage he was trying to move past.
Here's where it gets wild though. Elon Musk tweeted about the Milady meme in May 2023, and suddenly the collection came roaring back. The floor price surged past previous highs. By August 2023, Milady was the third most expensive 10,000-NFT PFP collection. But then another controversy hit in September when Krishna Okhandiar sued three team members. Despite the drama, the Milady Maker kept trading strong—eventually settling at a 4.90 ETH floor.
Now Krishna Okhandiar and the team are back with their next big move: a meme coin called $CULT. They launched it recently with a $845M FDV at peak, 10 billion total tokens, and allocated over half as a "Cult fund." The team got 15% with an 18-month vest, while the Remilia treasury grabbed 20-35%. Milady holders got an airdrop too. When it launched, $CULT was trading around $0.003393 with a $339M FDV. Whether this becomes the next massive project or just another chapter in Krishna Okhandiar's chaotic NFT saga, only time will tell.