Mother Iggy (MOTHER), a new meme cryptocurrency launched by Australian rapper Iggy Azalea, soared more than 120% early Thursday, hitting a new all-time high of $0.2306, according to CoinGecko. data.
Mother Iggy (MOTHER), a new meme cryptocurrency launched by Australian rapper Iggy Azalea, soared more than 120% early Thursday, hitting a new all-time high of $0.2306, according to CoinGecko. data.
The cryptocurrency’s fully diluted valuation has now reached almost a quarter of a trillion dollars.
The most recent price surge came after a whale withdrew $1.54 million worth of Solana (SOL) from Binance to purchase 8.6 million MADRE tokens at $0.1789, according to the crypto analytics firm. look chain.
Arman ShirinyanFor now, the newly launched token is only available on a few minor cryptocurrency exchanges such as HTX, MEXC, and CoinEx. However, it is quickly gaining traction with additional exchanges.
Meanwhile, Azalea, who achieved massive success with her hit “Fancy” in 2014, remains the talk of the town in the cryptocurrency world. On Wednesday, Ethereum co-founder Vitalik Buterin weighed in on the celebrity meme coin bonanza, stating that he was “unhappy” with the latest cryptocurrency trend. In response, Azalea mocked the Ethereum co-founder by posting a meme that showed her holding a baby with Buterin’s head in an apparent reference to her viral meme coin.
Alex DovbnyaThe 33-year-old rapper continues to actively engage with the cryptocurrency community. He recently shared a post on social media comparing the up-and-coming celebrity coin to already established meme coins (like dogwifhat or Pepe) that can boast listings on major cryptocurrency exchanges and multi-million dollar valuations.
Of course, he keeps his followers entertained with funny memes about the performance of the meme coin.
For now, dogwifhat remains the largest Solana-based meme coin with a valuation of over $3.3 billion.
