TechFlow reported on December 6 that, according to Decrypt, the Milady Cult Twitter account announced the presale of the MEME token CULT on June 13. The fundraising event raised $20.53 million, as stated on the Milady website. These funds have been transferred to a multi-signature Gnosis wallet, which currently holds $21.4 million, primarily in Ethereum and USDT. However, as of now, the token has yet to be launched, prompting dissatisfaction within the community.
Scorched Earth Policy, Chief of Staff at Remilia Corporation, confirmed in an interview with Decrypt: "Yes, the token is being launched. Beyond that, I can't elaborate on the reasons for the delay. All I can say is that we have solid reasons for what we're doing—everything is centered around ensuring we make the right decisions for our community."
