Iggy Azalea’s MOTHER Token Reaches All-time High Amid Crypto Twitter Buzz

Iggy Azalea’s MOTHER Token Reaches All-Time High Amid Crypto Twitter Buzz

Rapper Iggy Azalea’s MOTHER was released on Solana and experienced a surge in commercial demand, reaching an all-time high of $0.08952 on Sunday, just days after its launch. Azalea has been actively tweeting in the Crypto Twitter community and even adopted a special Mad Lads PFP on Friday, a day after the Solana project shared a special honorary avatar for her based on a photo reference. Mad Lads is the most valuable Solana NFT collectible, currently valued at a base price of SOL62.83 or $10,434.72.

Azalea’s MOTHER token climbed to a market cap peak of $88.7 million. Although the price halved on Sunday night, it rebounded on Monday and fell again after nearly reaching the previous peak. As of now, MOTHER is trading above $0.078 with a market cap of $77.6 million.

Azalea’s entry into the crypto market last week was not without controversy. He launched MOTHER after controversial crypto promoter Sahil Arora, who previously helped launch Caitlin Jenner’s meme coin, teased an IGGY token and raised $380,000 in pre-sale funds for a token unrelated to him. Azalea publicly distanced herself from Arora, tweeting at him to “Take your L and leave now” and earned praise from investors for her transparency and engagement.

About a week later, Azalea remains active on Crypto Twitter, sharing memes and responding to the community. On-chain data shows that there are 18,273 holders of the MOTHER token, indicating a significant community for a newly launched token.