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Analysis

LADYS Makes its Debut on Kucoin Exchange, Bears Maintain Strong Grip

Milady Meme coin (LADYS) plunges nearly 55% in the past seven trading sessions.

Written By Pawan Surya
Published 2023-05-22·Updated 5 months ago
Make The Crypto Times preferred on GoogleGoogle
LADYS Makes its Debut on Kucoin Exchange, Bears Maintain Strong Grip

Investors’ focus has been completely drawn towards the latest memecoins, such as PEPE, PAPA, Spong, and Milady MemeCoin, creating significant hype in the market. Keeping up with the trend, crypto exchanges are swiftly stepping up to support these memecoins. In line with this, the Kucoin exchange has recently made an exciting announcement of listing LADYS.

The Milady Meme coin (LADYS) attracted significant attention after Tesla CEO Elon Musk mentioned Milady Maker in a tweet on May 10th. In the aftermath of this tweet, the price of the LADYS token experienced an astounding surge of nearly 5000% within a 24-hour period, skyrocketing from $0.0000000035 to $0.0000001745.

The fervor appears to be fading away, and the remarkable 5000% gain that LADYS experienced due to Elon Musk’s involvement is gradually retracing back to its original price. The token has been on a downward trend since May 11th, witnessing a substantial decline of approximately 91.3% over the past month, as reported by CoinMarketCap.

LADYS price chart showing 91% decline from its Musk-fueled peak.
LADYS price chart showing 91% decline from its Musk-fueled peak. Source: CoinMarketCap

In the midst of price fluctuations, Kucoin, a prominent crypto exchange, has taken a progressive step to embrace the meme coin trend. The exchange recently revealed its decision to list the Milady Meme coin (LADYS) on its trading platform.

📢New Listing@miladymemecoin $LADYS gets listed on #KuCoin!

💎Pair: LADYS/USDT
💎Deposit: now open (Network: ERC-20)
💎Trading: 10:00 on May 22, 2023 (UTC)#meme #memecoin

— KuCoin (@kucoincom) May 22, 2023

According to the official announcement, the LADYS/USDT trading pair will be the initial offering, with trading scheduled to commence today at 10:00 a.m. UTC. 

Despite being listed on a major cryptocurrency exchange, the price of LADYS memecoin is currently at $0.0000000589, reflecting a decline of 16% overnight. Additionally, the trading volume has also decreased, reaching $27.05 million.

Buyers are eagerly anticipating a potential recovery following the listing of LADYS on the Kucoin exchange, which could serve as a significant catalyst to sustain the ongoing craze surrounding trendy memecoins.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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