In the current cryptocurrency scenario, Australian rapper Iggy Azalea returns to the spotlight with an audacious strategy for her cryptocurrency, Mother Iggy (MOTHER). Since its launch at the end of May, the coin has aroused enormous interest, driven both by a significant increase in value and by Azalea’s active presence on social media.

After an impressive jump, MOTHER’s valuation reached almost US$250 million, driven mainly by a significant purchase made by a whale on the Solana network.

Azalea, known for her hit “Fancy”, delved into the world of cryptocurrencies after detecting an attempted fraud with a memecoin that used her name. Since then, she has been dedicated to finding real applications for MOTHER, with plans to convert it into a stablecoin, giving it long-term viability.

The introduction of MOTHER to the market generated diverse opinions, including criticism from notable figures such as Vitalik Buterin, co-founder of Ethereum. Buterin expressed concerns about the lack of usefulness of meme coins released by celebrities. In response, Azalea maintained her defiant stance, stating that “peace is not profitable for meme coins” and advising critics to stay away.

The rapper maintains that, contrary to claims of being a ‘rug puller’, she is committed to developing and sustaining the value of her cryptocurrency. In her words: “Peace is not profitable for meme coins and I tell the haters to get out of my way.”

At the time of publication, the price of MOTHER was listed at US$0.158 with a drop of 6% in the last 24 hours.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.


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