‘Milady Maker’ sees a 70% drop in prices amid ongoing debates

The NFT collection known as 'Milady Maker' has faced a dramatic price drop as the controversy surrounding its creator escalates. Reports indicate that Charlotte Fang, the mind behind Milady, has acknowledged her involvement with a controversial past online persona tied to an organization with white supremacist ideologies.

Just last week, an anonymous developer in decentralized finance shared a theory suggesting that Fang was Miya, known for posting content rife with antisemitic, homophobic, and racist sentiments on social media. Allegations also connect her to Kali Yuga Accelerationism, a white supremacist group notorious for encouraging dangerous behaviors among young girls. 0xngmi Investor reactions came swiftly. Over the previous week, the value of Milady tokens nosedived by 70%. Currently, the floor price for Miladys is set at 0.26 ether (ETH), equivalent to around $511, plunging from an all-time high of over $6,000 reached back in April. One particular token was recorded selling for as little as 0.037 ETH. linked On May 21, Charlotte Fang took to Twitter to confess her identity as Miya.

"To be transparent: I was indeed Miya. The toxic legacy of that persona is harming the Milady community and tainting the atmosphere. I sincerely apologize for attempting to conceal that past identity,\" Fang expressed.

"Full transparency: I was Miya, and the toxicity associated with that account has negatively impacted the Milady community. I sincerely apologize for my attempts to mask my past—Miya's activity does not represent Milady Maker and it should remain that way, which is why I'm stepping back from the project,\"

— ♡ Charlotte Fang 刹利 🍎 (@CharlotteFang77)

the text was generated automatically, and the creators were unaware of its implications.

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• Karolina is a passionate writer and journalist with expertise in literary studies. She is fascinated by innovative technological developments and art, and NFTs often embody a perfect blend of both. Beyond her professional pursuits, she's a devoted plant enthusiast, an admirer of vintage fashion, and a dedicated gamer.