You ever notice how some projects in crypto go from absolute hype to basically forgotten? That's the journey of Remilia Corporation and their founder Krishna Okhandiar, better known as Charlotte Fang in NFT circles.

Back in 2021, Fang jumped into the NFT space and dropped Milady Maker, a 10,000 piece neo-chibi collection that actually took off. By April 2022, floor prices hit 1.55 ETH and the community was thriving. Then things got messy. An old X account linked to Fang surfaced with racist and homophobic posts. Fang admitted it was old baggage from performance art experiments, apologized, and the community mostly moved past it. Then Elon tweeted about Milady in May 2023 and suddenly the collection was back on top, eventually becoming one of the most expensive PFP collections.

But drama followed again. September 2023 brought a lawsuit against team members, though it was dropped early this year. Despite everything, Milady held up at around 4.90 ETH floor price.

Then came $CULT. Fang launched the meme coin earlier this year with massive hype and a $845 million FDV at launch. 10 billion token supply, half locked in a cult fund, 15% to the team with 18-month vesting. Milady and Remilio NFT holders got airdrops. At launch it was trading around $0.003393.

Here's the thing though. As of now, $CULT is basically in freefall. Current price is essentially $0.00, market cap collapsed to $3.49 million, FDV down to $4.47 million. That's a brutal 99% drop from launch. The hype machine that once pushed Milady to the top couldn't carry $CULT. Sometimes the narrative alone isn't enough to hold a project up, no matter how legendary the founder's story is.