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DENVER, CO - FEBRUARY 18: Ethereum co-founder Vitalik Buterin speaks at ETHDenver on February 18, ... [+] 2022 in Denver, Colorado. ETHDenver is the largest and longest running Ethereum Blockchain event in the world with more than 15,000 cryptocurrency devotees attending the weeklong meetup. (Photo by Michael Ciaglo/Getty Images)
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Vitalik Buterin, the co-founder of Ethereum, has changed his social media profile picture to a Milady NFT, marking another high-profile endorsement of the controversial anime-style NFT collection. This move comes a year or so after Elon Musk previously gave the collection attention through a meme tweet featuring Milady artwork.
The endorsement from one of crypto's most influential figures sent immediate ripples through the NFT market. However, not all traders profited from the news - blockchain data shows a whale lost approximately $80,900 after purchasing 14 Milady NFTs for 94.46 ETH ($312,000) and selling them within 30 minutes for just 69.08 ETH ($231,000).
Could Milady NFTs reach $100k? Milady Maker vs Pudgy Penguins & CryptoPunks
Milady and Pudgy Penguins represent two of the most successful "new wave" NFT collections, challenging established players like CryptoPunks. Currently, Milady has a market capitalization of around $167 million, while Pudgy Penguins commands approximately $600 million and CryptoPunks leads at $1.2 billion.
Each collection has cultivated its own distinct identity in the crypto space: Pudgy Penguins have established themselves as the cute, family-friendly face of NFTs, while Bored Apes represent flashy crypto wealth and sometimes criticized "ape-in" mentality. Miladys, in contrast, have developed a reputation as the intellectual dark horses of the space, often associated with sophisticated traders and what some playfully call "evil genius hackers."
If Milady were to reach Pudgy Penguins' current market capitalization, each Milady NFT would be worth roughly $60,000, a significant increase from current prices. More dramatically, achieving CryptoPunks' valuation would put each Milady at approximately $121,500.
