The highly awaited Solana-based Milady NFT memecoin presale secured a speedy closure after earning 91,486 SOL (equivalent to $18.7 million) within a span of two hours. The popular SOL-loving Milady Wif Hat project mentioned a minimum investment cap of 1 SOL and a maximum cap of 88,888 SOL, achieving surplus investment following the presale.

The Milady NFT collection, containing 10,000 anime-derived image profile avatars, has successfully attracted the attention of the crypto community, especially in this ongoing bullish market. Worth noting is the endorsement by Su Zhu, the co-founder of the Singaporean Three Arrows Capital hedge fund.

Following Su Zhu’s acquisition announcement of the Milady NFTs, there was a significant doubling in the price per NFT, soaring to a peak of $19,000.

Memecoins have been garnering quite the talk of the town during the recent crypto market surge. The memecoin Dogwifhat (WIF), another popular coin from the Solana blockchain, reached an all-time high valuation of $3 during March 14. It has witnessed an astonishing gain percentage of more than 1,000,000% since its launch. The coin recently raised over $700,000 to showcase its logo on the Las Vegas sphere, adding to its popularity