As a crypto investor with experience in the memecoin market, I find the news of Iggy Azalea’s partnership with DWF Labs intriguing. The potential collaboration between a major market maker and a popular celebrity memecoin creator could bring significant attention and potential value to MOTHER.
MOTHER memecoin creator Iggy Azalea has teamed up with a major crypto industry market maker.
DWF Labs unveils collaboration with renowned Australian celebrity Iggy Azalea, known for her role in creating the buzzing Solana-based meme token, MOTHER.
The specifics regarding Azalea’s agreement with the market maker are limited, but DWF Labs indicated that more information will be shared soon. Andrei Grachev, founder of DWF Labs, has yet to respond to inquiries from crypto.news as of now.
On Thursdays market news brought significant growth to MOTHER’s value, with the memecoin surging past 30% following the announcement. Nevertheless, due to the ongoing market downturn, MOTHER had recouped some of those gains by the time this text was penned down.
Excited to partner with you too! 🫶✨
— IGGY AZALEA (@IGGYAZALEA) July 11, 2024
Azalea’s MOTHER meme
As a analyst, I’ve noticed that memecoins launched by celebrities such as Azalea and Andrew Tate have gained significant traction within the thriving Solana ecosystem. One of these coins, MOTHER, was introduced around late May or early June, sparking intense discussions about the role of celebrities in creating cryptocurrencies.
As a researcher studying memecoins, I came across one particular coin that reached a remarkable market capitalization of $150 million. This digital asset sparked an intense following among crypto-savvy influencers, who passionately championed its cause on various platforms like X Spaces and Telegram.
As a crypto investor, I’ve been following the developments surrounding the MOTHER token closely. Last month, Azalea announced that this memecoin would be adopted as a payment method for smartphone and cell plans. This news was particularly exciting because memecoins are not known for having any real-world utility. However, the price of MOTHER has since taken a hit and dropped over 85% from its all-time high, according to TradingView.
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2024-07-11 19:10