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Iggy Azalea Meme Coin Skyrockets 120% as Whale Buys Millions of Tokens
Alex Dovbnja
A Whale recently made a massive purchase of MOTHER and the price continued to rise
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Mother Iggy (MOTHER), a new meme cryptocurrency launched by Australian rapper Iggy Azalea, skyrocketed more than 120% last Thursday, reaching a new all-time high of $0.2306, according to CoinGecko data.
The cryptocurrency’s fully diluted valuation has now reached nearly a quarter of a billion dollars.
According to the crypto analytics firm, the most recent price surge came after a whale withdrew Solana (SOL) worth $1.54 million from Binance to buy 8.6 million MOTHER tokens at 0, 1789 dollars. Guardaonchain.
For now, the newly launched token is only available on a few smaller cryptocurrency exchanges such as HTX, MEXC, and CoinEx. However, it is rapidly gaining ground with further trading.
Meanwhile, Azalea, who achieved huge success with her chart-topping hit “Fancy” in 2014, remains the most talked about topic in the cryptocurrency world. Ethereum co-founder Vitalik Buterin weighed in on the celebrity meme coin bonanza on Wednesday, claiming he is “unhappy” with the latest cryptocurrency trend. In response, Azalea mocked the Ethereum co-founder posting a meme showing her holding a baby with Buterin’s head in an apparent reference to her viral meme coin.
The 33-year-old rapper continues to actively engage with the cryptocurrency community. He recently shared a post on social media comparing the emerging celebrity coin to established meme coins (like dogwifhat or Pepe) that boast listings on major cryptocurrency exchanges and multi-billion dollar valuations.
Naturally, he entertains his followers with hilarious memes about the performance of the meme coin.
For now, dogwifhat remains the largest Solana-based meme coin with a valuation of over $3.3 billion.
About the author
Alex Dovbnja
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience covering everything related to the burgeoning industry, from price analysis to Blockchain disruption. Alex has authored more than 1,000 stories for U.Today, CryptoComes, and other fintech media. He is particularly interested in regulatory trends around the world that are shaping the future of digital assets; he can be contacted at alex.dovbnya@u.today.