After returning to the spotlight with her headline-grabbing meme coin, Australian rapper Iggy Azalea now insists she’s no fool in a recent interview with Fortune.
After returning to the spotlight with her headline-grabbing meme coin, Australian rapper Iggy Azalea now insists she’s no fool in a recent interview with Fortune.
In fact, it wants to find possible use cases for its viral Mother Iggy (MADRE) cryptocurrency that could make it viable in the long term.
Azalea intends to turn the memecoin into a stablecoin, according to her interview with Fortune.
The Australian rapper, who became the ultimate It-girl of 2014 with her smash hit “Fancy” and other hit singles, says she had been casually eyeing cryptocurrencies since 2020 before finally launching her own currency. Azalea was forced to act after a scammer attempted to push another meme coin by posing as her.
Alex DovbnyaThe MOTHER meme coin, which launched in late May, generated a lot of buzz due to its massive earnings and Azalea’s frequent social media posts ranging from obscene images to funny memes.
On Thursday, the market capitalization of Solana-based MOTHER surged to nearly $250 million after a whale seized a large amount of tokens.
However, despite all the hype, the Iggy Azalea token lacks a value proposition like most meme coins. Unsurprisingly, the cryptocurrency has already attracted many detractors, including none other than Ethereum co-founder Vitalik Buterin.
As Guru-Investingreported, Buterin lashed out at the new generation of celebrity meme coins due to their lack of usefulness, prompting a quick response from Azalea in the form of a derogatory meme.
However, Azalea is seemingly unfazed by all the criticism, arguing that peace is not profitable for meme coins and telling the haters to get out of her way.
