As a researcher with a background in cryptocurrency and celebrity culture, I find Mother Iggy’s (MOTHER) meteoric rise to be an intriguing development in the world of meme coins. Iggy Azalea, the rapper behind this new cryptocurrency, has managed to capture the attention of the crypto community with her latest project.
Australian rapper Iggy Azalea’s recently introduced cryptocurrency, Mother Iggy (MOTHER), experienced a remarkable surge on Thursday, soaring past 120% and reaching an all-time peak of $0.2306 based on CoinGecko’s current data.
The cryptocurrency’s fully diluted valuation has now reached almost a quarter billion dollars.
A large cryptocurrency investor, commonly referred to as a “whale,” sold $1.54 million worth of Solana (SOL) from Binance. Immediately following this transaction, the investor purchased approximately 8.6 million MOTHER tokens at an average price of $0.1789. According to crypto analysis firm Lookonchain, this action likely contributed to the recent surge in MOTHER’s price.
Currently, the freshly introduced token can be purchased from smaller cryptocurrency platforms like HTX, MEXC, and CoinEx. Its popularity is on the rise, with more exchanges expected to list it shortly.
While Azalea, renowned for her 2014 chart-topper hit “Fancy,” continues to generate buzz in the crypto community, Ethereum co-founder Vitalik Buterin voiced his displeasure over the recent meme coin craze on a weekday. In retaliation, Azalea playfully jabbed at Buterin by sharing a meme depicting herself cradling a baby with Buterin’s head superimposed, referencing her popular meme coin image.
As a researcher studying the intersection of hip hop culture and cryptocurrencies, I’ve noticed that the 33-year-old rapper is an active participant in this vibrant community. In her latest social media post, she drew a comparison between the emerging celebrity coin and established meme coins like Dogecoin and Pepe Coin. These popular tokens have achieved significant milestones such as listings on major cryptocurrency exchanges and impressive valuations surpassing billions of dollars.
She amuses her audience with witty memes regarding the meme coin’s fluctuations.
— IGGY AZALEA (@IGGYAZALEA) June 6, 2024
As a Solana crypto market analyst, I can assert that currently, Dogawhat is the leading meme coin on the Solana blockchain, boasting a valuation exceeding $3.3 billion.
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2024-06-06 21:39