So you've probably heard about Charlotte Fang and Remilia Corporation by now. The guy behind Milady Maker just dropped another project called $CULT, and honestly, the whole saga is pretty wild. Let me break down what's been going on with Charlotte Fang and why people are paying attention.

Back in 2021, Charlotte Fang ventured into NFTs with a meme coin project called Yayo, which didn't really stick around. But then he pivoted hard into the art scene and created Milady Maker in August 2021 – a 10,000-piece neo-chibi NFT collection on Ethereum that actually took off. The floor price hit 1.55 ETH by April 2022, and things looked solid. Then the drama happened. An X account linked to Fang posted some seriously problematic content (racist, homophobic stuff), and the whole community got hit with FUD. The floor price tanked. Charlotte Fang eventually admitted it and claimed it was all performance art, but yeah, it was messy.

The Milady collection actually bounced back though, especially after Elon Musk tweeted about the meme in May 2023. By that September, Milady was trading at 4.90 ETH and became one of the top PFP collections. There was another lawsuit drama in September 2023 involving team members, but the community stayed loyal to the project.

Now fast forward to recently – Charlotte Fang and team launched $CULT, a new meme coin with 10 billion tokens. They allocated over half to a "Cult fund," gave 15% to the team with an 18-month vesting, and split 20-35% to Remilia's treasury. Milady and Remilio NFT holders got an airdrop. The coin hit an $845M FDV at launch, which was huge. But here's the thing – the market's been rough. Current price is basically at the floor, FDV sitting around $4.44M, nowhere near those launch numbers. It's a harsh reminder that even projects with strong communities and established teams can struggle in a bear market. Charlotte Fang's story shows you how volatile the NFT and meme coin space really is.