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Iggy Azalea's $MOTHER Token Surges to $150 Million Market Cap with $21M 24hr Volume

Jun 5, 2024, 10:04 PM

Rapper Iggy Azalea's cryptocurrency token, $MOTHER, has experienced a significant surge in value and market capitalization since its launch on Solana. The token reached an all-time high of $0.08952 on Sunday and subsequently hit a market cap of $120 million. As of the latest updates, $MOTHER has nearly reached a $150 million market cap, with a 24-hour trading volume of $21 million. The token's rapid rise has drawn both praise and criticism, with Ethereum co-founder Vitalik Buterin expressing concerns over the trend of celebrity-backed memecoins. Despite the skepticism, $MOTHER continues to gain traction, with some speculating it could reach a market cap of $1 billion.