Iggy Azalea's Memecoin $MOTHER Surges to $82 Million Market Cap

Jun 1, 2024, 07:04 PM

Iggy Azalea's memecoin, $MOTHER, has seen a dramatic surge in its market capitalization, reaching an all-time high of $82 million. The coin, which is part of the Solana blockchain, has experienced a significant increase in value, rising 320% in the last 24 hours. This surge follows a series of tweets from Azalea and the broader community, highlighting the coin's potential and cultural significance. The coin's market cap had previously dropped to $4.5 million but has since rebounded impressively. Azalea's active engagement with the community and strategic use of social media, including her association with the Mad Lads team, have been credited with driving the coin's success. The coin's performance has sparked discussions about the role of celebrity endorsements in the cryptocurrency market and the potential for other celebrities to launch similar projects.