Rapper Iggy Azalea’s MOTHER token on Solana noticed a spark of buying and selling demand over the weekend, surging to an all-time excessive value on Saturday—simply days after it launched. And the musician, who has been broadly embraced by Crypto Twitter, continued her fixed tweeting with a familiar-looking profile image (PFP) in tow.
Azalea began rocking a customized Mad Lads PFP on Friday, in the future after the Solana mission tweeted out a customized honorary avatar for her that was apparently based mostly on a photograph reference. Mad Lads is probably the most priceless Solana NFT assortment by a large margin, at the moment standing at over $10,300 value of SOL on secondary marketplaces.
Sooner or later after equipping the PFP, Azalea’s MOTHER token jumped to a brand new peak value of $0.08952, per knowledge from CoinMarketCap, giving it a market cap of $88.7 million.
The value fell by practically half by Sunday evening, however then rebounded once more on Monday, practically matching the earlier peak earlier than beginning to dip once more. As of this writing, MOTHER sits at a value above $0.72, giving it a market cap over $70 million. It’s up 34% on the day.
The rapper’s crypto market entrance final week was marked by drama. She launched the token after controversial crypto promoter Sahil Arora—who had helped deploy Caitlin Jenner’s meme coin earlier within the week—teased an IGGY token and collected $380,000 value of presale funds for a token that in the end had nothing to do along with her.
Azalea stated that in the end she determined to not work with Arora, and tweeted at him publicly to “take your L and go already.” Azalea was extensively praised by merchants on Twitter for being so closely engaged and admitting that she was studying as she went, promising that the meme coin wouldn’t be a easy money seize or pump-and-dump.
Practically every week later, she’s nonetheless within the area (of Crypto Twitter), spreading memes and rocking a customized PFP as her token once more flirts with increased beneficial properties.
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