- Iggy Azalea’s meme coin MOTHER token to be usable for telephone purchases.
- MOTHER token surges after announcement, fueled by potential real-world utility.
- Launch obtained combined reactions, with some skeptical of its legitimacy.
Lower than a month after its debut, Iggy Azalea’s meme coin Mom Iggy Token (MOTHER) is poised for expanded utility within the telecom house. In a latest social media submit, the Australian rapper introduced plans to revive a co-founded telecommunications firm. Azalea said that MOTHER and SOL holders will now be capable to use their tokens to buy telephones or month-to-month cell plans.
Tech agency Sphere Labs will deal with the fee infrastructure, whereas Unreal Cellular will present telephone companies. Azalea additionally famous that customers can have entry to “a collection of telephones for buy.”
“Tomorrow, I’m lastly relaunching the telecommunication firm I co-founded, and you should purchase telephones or month-to-month cell plans utilizing $MOTHER or Sol. Advert marketing campaign n rollout to comply with late this week. Thrilling,” Azalea wrote on X (previously Twitter).
Unreal Cellular provides three cell phone plans: Black, Gold, and Massive Cellular, which price $20, $40, and $80, respectively. Since its launch, Mom Iggy has seen worth rises, surging by 864%, per Coinmarketcap knowledge. Over the previous seven days, the token has witnessed a 158% improve, reportedly fueled by a Mom merchandise retailer announcement. Within the latest intraday session, Mom Iggy rose by 23% to develop into one of many high gainers within the meme coin sector.
The Solana blockchain’s transfer into the smartphone sector has proved profitable after the corporate declared a sellout of the flagship “Saga” telephone. After a failed launch in 2022, the corporate’s constructive outing in 2023 sparked hype round Solana-based meme tokens.
Following this, Solana introduced the event of one other Saga telephone collection. As of February 2024, the corporate revealed that presale orders for the second Saga telephone collection have exceeded 100,000.
Mom Iggy’s launch in late Might was met with combined reactions from crypto market contributors. Whereas some seen it as a money seize, others noticed it as a step in the direction of broader cryptocurrency adoption.
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