Just looked into the whole Milady saga and honestly, the story behind it is way more interesting than most people realize. Krishna Okhandiar, the guy everyone knows as Charlotte Fang, basically built one of the most controversial yet resilient NFT empires out there. And the wild part? He's still going.

So here's how it went down. Fang started dabbling in NFTs back in 2021 with something called Yayo, which flopped pretty hard. But instead of disappearing, he went back to what he knew – art. Then in August 2021, Krishna Okhandiar and his team dropped Milady Maker, a 10,000 piece neo-chibi NFT collection on Ethereum. The roadmap was literally just a Minecraft server, and somehow that worked. The collection sold out and the floor price hit 1.55 ETH by April 2022.

Then everything got messy. May 2022 rolls around and an old social media account connected to Fang surfaces with some seriously problematic content – racist, homophobic stuff. The whole thing tanked the collection's value and Fang got absolutely canceled. He later claimed it was all performance art and apologized, but the damage was done. The community had to deal with what he called "toxic baggage."

But here's where it gets interesting. May 2023, Elon tweets about the Milady meme and suddenly the collection is back in the conversation. Floor price bounces back, eventually becomes one of the top 3 most expensive 10k PFP collections. Then September 2023, Fang sues three team members, more drama, but the cult-like community doesn't really care.

Fast forward to this year, and Krishna Okhandiar's team launches $CULT, their new meme coin. The token hit an $845M FDV at launch with 10 billion total supply. They allocated over half to the "Cult fund," 15% to the team with 18-month vesting, and 20-35% to the Remilia treasury. Milady and Remilio NFT holders got an airdrop.

Current price is basically at zero according to latest data, with a market cap around $3.49M and FDV at $4.42M. Pretty different from that initial hype, but that's how meme coins go. The whole Fang story is a masterclass in surviving scandals and rebuilding in crypto.