Crypto NewsNews

Iggy Azalaes’ Memecoin, MOTHER Poised For Further Surge Following New Integrations

Loading

Iggy Azalea’s MOTHER memecoin surged by over 30% since the latest announcement of a new use-case. Its holders can purchase mobile phones and pay for monthly subscription plans.

The singer posted an announcement on X: “Tomorrow, I’m finally relaunching the telecommunications company I co-founded, and you will be able to purchase phones or month-to-month cell plans using MOTHER or Sol.” She added that the ad campaign will roll out this week.

Following the announcement of the relaunch of her old telecommunication company, Iggy Azalea’s MOTHER token has significantly increased by over 18%, reaching $0.1 per token within 24 hours. 

Iggy Azalea clarified that Unreal Mobile provides phone service and offers a range of phones for purchase, and Sphere Labs handles the payment, which has yet to offer a native token.

Controversy due to the surge rise of MOTHER 

Controversies followed the launch of MOTHER shortly after its release. Allegations emerged that insiders bought a 20% portion, leading to the sale of over  20 million worth of coins. This sparked a heated debate among crypto believers.

However, Azalea’s commitment to the project’s long-term growth has seemingly vindicated early supporters as the token’s market value has risen from $10 million to over $200 million.

Celebrity-launched memecoins are in the red.

 Iggy Azalea’s mother token has bucked the trend, surging in value while other celebrities’ tokens have plummeted.

The likes of the JENNER memecoin by Catlin Jenner, which was launched with the promise of supporting LGBTQ but seems to have failed to gain traction, is down over 75%  

 Also, the Timeless Davido(Davido)token launched by a famous Nigerian artist dropped over 77%, according to Coingecko data—as did other celebrities like the Snoop Dog (SNOOP)token, which has lost 50% of its value, to mention a few.

This also caught Vitalik Buterin’s eye, and he condemned several celebrities launching crypto assets for selfish gains.

MOTHER, therefore, has made it stand out due to its new integration with mobile phone and subscription purchases, which attracts investors and boosts its market value. Iggy Azalea’s long-term commitment might instill confidence in investors.