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Iggy Azalea's $MOTHER Token Surges 4500% to $220 Million Market Cap

Jun 6, 2024, 07:04 AM

Iggy Azalea's recently launched cryptocurrency token, $MOTHER, has seen a meteoric rise in value and market cap. Since its debut eight days ago, $MOTHER has soared to a market cap of $220 million, reflecting a 120% gain in the last 24 hours alone. The token, which is built on the Solana blockchain, has been praised for its strong community and potential. Market observers have noted that $MOTHER's value surged from less than $5 million to over $200 million in a matter of days, with a peak at $139 million. The token's price reached 11 cents, giving it a $108 million market cap at one point. This rapid growth has led to speculation about the token's future, with some predicting it could reach a $1 billion market cap. Azalea's active promotion and engagement with the community have been significant factors in $MOTHER's success. The token's impressive performance, including a 4500% increase, has also sparked discussions about the sustainability of celebrity-driven cryptocurrencies and their long-term viability.