{"id":319110,"date":"2024-06-08T00:29:08","date_gmt":"2024-06-07T18:59:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=319110"},"modified":"2024-06-08T00:29:08","modified_gmt":"2024-06-07T18:59:08","slug":"iggy-azaleas-mother-memecoin-hits-200-million-market-cap-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/iggy-azaleas-mother-memecoin-hits-200-million-market-cap-crypto-news\/","title":{"rendered":"Iggy Azalea\u2019s MOTHER Memecoin Hits $200 Million Market Cap – Crypto News"},"content":{"rendered":"

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MOTHER has more than doubled since catching flak from Ethereum founder Vitalik Buterin\n<\/p>\n

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Rapper Iggy Azalea\u2019s MOTHER token continues to confound critics as its market capitalization soared above $200 million just ten days after its launch.<\/p>\n

The memecoin has more than doubled since June 5, when it was criticized by Ethereum founder Vitalik Buterin, who said<\/a> he was \u201cfeeling quite unhappy with this cycle\u2019s celebrity experimentation.\u201d<\/p>\n

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MOTHER Price<\/figcaption><\/figure>\n

<\/a><\/p>\n

Hours later, Azalea posted a meme of herself breastfeeding an infant Buterin, sparking an ongoing debate over memecoins as a valid use case for blockchains. Uniswap founder Hayden Adams defended<\/a> Buterin, while others, like Wintermute founder Evgeny Gaevoy, weren\u2019t convinced<\/a>.<\/p>\n

\"Tweet
Tweet from Evgeny Gaevoy<\/figcaption><\/figure>\n

The attention from Crypto Twitter has turned out to be a boon for early MOTHER holders. A wallet<\/a> that purchased 35 million MOTHER tokens for 1 SOL ($170) is sitting on unrealized gains of nearly $3.7 million at current prices.<\/p>\n

\"Early
Early MOTHER Buyer<\/figcaption><\/figure>\n

After a controversial launch on the memecoin platform pump.fun \u2013 linked to serial scammer Sahil Arora<\/a> \u2013 Azalea took charge, using her X account to promote the token to her 7.6 million followers.<\/p>\n

She\u2019s also been actively engaging<\/a> with community members in the MOTHER Telegram chat and claims<\/a> to have engaged a prominent crypto law firm to help with compliance issues.<\/p>\n

While it\u2019s too early to tell if MOTHER will \u2018break into sustainable value creation<\/a>,\u2019 many in the crypto community are applauding Azalea\u2019s efforts.<\/p>\n

\u201cIggy a better bullposter than 99% of crypto twitter,\u201d said<\/a> Ansem, a prominent crypto trader.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

MOTHER has more than doubled since catching flak from Ethereum founder Vitalik Buterin Rapper Iggy Azalea\u2019s MOTHER token continues to confound critics as its market capitalization soared above $200 million just ten days after its launch. The memecoin has more than doubled since June 5, when it was criticized by Ethereum founder Vitalik Buterin, who […]<\/p>\n","protected":false},"author":2,"featured_media":319113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-319110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/319110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=319110"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/319110\/revisions"}],"predecessor-version":[{"id":319116,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/319110\/revisions\/319116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/319113"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=319110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=319110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=319110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}