MOTHER has greater than doubled since catching flak from Ethereum founder Vitalik Buterin
Rapper Iggy Azalea’s MOTHER token continues to confound critics as its market capitalization soared above $200 million simply ten days after its launch.
The memecoin has greater than doubled since June 5, when it was criticized by Ethereum founder Vitalik Buterin, who mentioned he was “feeling quite unhappy with this cycle’s celebrity experimentation.”
Hours later, Azalea posted a meme of herself breastfeeding an toddler Buterin, sparking an ongoing debate over memecoins as a legitimate use case for blockchains. Uniswap founder Hayden Adams defended Buterin, whereas others, like Wintermute founder Evgeny Gaevoy, weren’t satisfied.
The eye from Crypto Twitter has turned out to be a boon for early MOTHER holders. A pockets that bought 35 million MOTHER tokens for 1 SOL ($170) is sitting on unrealized features of practically $3.7 million at present costs.
After a controversial launch on the memecoin platform pump.enjoyable – linked to serial scammer Sahil Arora – Azalea took cost, utilizing her X account to advertise the token to her 7.6 million followers.
She’s additionally been actively participating with group members within the MOTHER Telegram chat and claims to have engaged a distinguished crypto regulation agency to assist with compliance points.
Whereas it’s too early to inform if MOTHER will ‘break into sustainable value creation,’ many within the crypto group are applauding Azalea’s efforts.
“Iggy a better bullposter than 99% of crypto twitter,” mentioned Ansem, a distinguished crypto dealer.
