So there's this guy Charlotte Fang who basically built an entire NFT empire from scratch. His studio Remilia Corporation created Milady Maker back in 2021, and honestly it became one of the biggest NFT collections ever. Started with just a Minecraft server roadmap and somehow it worked. By early 2022 the floor was sitting at 1.55 ETH, pretty insane.

But then things got messy. An old Twitter account associated with Fang had some seriously problematic posts - racist, homophobic stuff. The whole community got hit hard, floor price tanked. Fang eventually came clean and said it was all performance art or whatever, but the damage was done. Still, the community stuck with it.

Then Elon tweeted about Milady in May 2023 and it bounced back hard. By that summer it was the third most expensive 10K PFP collection. But drama struck again when Fang sued some team members in September 2023. Wild stuff.

Anyway, Charlotte Fang and crew decided to launch their next big thing - a meme coin called $CULT. Started with an FDV over $845M at launch, 10 billion tokens total, and they airdropped it to Milady and Remilio holders. That was pretty clever honestly.

Here's the thing though - if you check the current numbers on $CULT, it's taken a beating. We're talking $0.00 price range now with a market cap around $3.41M and FDV at $4.37M. Pretty different from that launch hype. So yeah, Charlotte Fang's latest creation didn't quite hold the momentum. The NFT space can be brutal like that - one day you're riding high, next day you're watching everything compress. Still, gotta respect the hustle and the ecosystem he built around Milady and Remilia.