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So Remilia Corporation just dropped their latest move and it's kind of wild when you look at the full story. Charlotte Fang's been on quite the journey with this whole NFT thing – started with some experimental stuff in 2021, then hit it big with Milady Maker back in August that year. The 10k neo-chibi collection on Ethereum actually worked, floor price climbed to 1.55 ETH by April 2022.
But then things got messy. May 2022 brought a whole controversy around old posts, racism allegations, the whole drama. Charlotte Fang admitted it was his account but said it was all performance art or whatever. The floor tanked hard. Then Elon tweeted about Milady in May 2023 and suddenly everyone forgot about the drama – collection bounced back and became one of the top PFP collections. Even had another lawsuit situation in September 2023 but the cult-like community didn't really care.
Now here's the thing – Charlotte Fang and the team just launched $CULT, their new meme coin. The token distribution is pretty interesting: they locked up over half as "Cult fund," gave 15% to the team with 18-month vesting, and allocated 20-35% to the Remilia treasury. Milady and Remilio NFT holders got an exclusive airdrop too. Current price is sitting around $0.00 with a market cap of $3.56M and fully diluted valuation around $4.51M. It's definitely one to watch given Remilia's track record with creating hype, even if the road's been bumpy. Whether it follows the Milady playbook or fizzles out is the real question.