Arora

2024

Sphere

<p class="is-style-lead">The memecoin will allow holders to purchase smartphones and mobile phone subscriptions.</p> 
<p> <a href="https://crypto.news/are-memecoins-the-new-nfts-for-celebrities/" data-type="link" data-id="https://crypto.news/are-memecoins-the-new-nfts-for-celebrities/" target="_blank" rel="">Azalea</a> announced that MOTHER token holders will soon be able to purchase phones or monthly cell plans from her Australian telecommunications company called Unreal Mobile using the token or Solana.&nbsp;</p> 
<p>Azalea announced that she is relaunching her telecommunications company and is enhancing the token use case, which was released a month ago with added utility. The update is made possible through a <a href="https://x.com/IGGYAZALEA/status/1799931305473286155" target="_blank" rel="">partnership</a> with Sphere Labs, a payment infrastructure provider that will assist in integrating crypto payments.</p> 
<p>Unreal Mobile offers various plans priced between $20 and $80 per month, depending on data usage and network preferences.</p> 
<p>Following the announcement, the MOTHER token rose over 30% in the 24 hours to $0.1958 according to CoinMarketCap <a href="https://coinmarketcap.com/currencies/mother-iggy/" target="_blank" rel="">data</a>. The coin has garnered a $144 million market cap.</p> 
<h2 class="wp-block-heading" id="mother-skepticism">MOTHER skepticism&nbsp;</h2> 
<p>Azalea and her MOTHER coin have had their share of controversy. The coin was released in May, and <a href="https://crypto.news/is-the-meme-coin-market-cap-surge-a-sign-of-bigger-things-to-come/" data-type="link" data-id="https://crypto.news/is-the-meme-coin-market-cap-surge-a-sign-of-bigger-things-to-come/" target="_blank" rel="">volatile trading</a> occurred over its first weeks of trading. Many believe Azalea is joining the <a href="https://crypto.news/crypto-sleuth-calls-out-floyd-mayweather-over-another-token-scam/" target="_blank" data-type="link" data-id="https://crypto.news/crypto-sleuth-calls-out-floyd-mayweather-over-another-token-scam/" rel="">growing wave of celebrities </a>and influencers using crypto for cash grabs.&nbsp;</p> 
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   <p lang="en" dir="ltr">Iggy Azelea has pulled off a successful stealth memecoin launch 🤯<br><br>About 2.5 hours ago a token named <a href="https://twitter.com/search?q=%24iggy&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$iggy</a> launched, briefly spiked to $4-$5M then sold off.<br><br>At the same time a token named <a href="https://twitter.com/search?q=%24MOTHER&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$MOTHER</a> launched.<br><br>Iggy tweeted it out about 30 minutes ago &amp; it has soared to a $15M mc <a href="https://t.co/GexTU81rSZ" target="_blank" rel="">pic.twitter.com/GexTU81rSZ</a></p>— TylerD 🧙‍♂️ (@Tyler_Did_It) <a href="https://twitter.com/Tyler_Did_It/status/1795621540341424376?ref_src=twsrc%5Etfw" target="_blank" rel="">May 29, 2024</a>
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<p>Azalea rejected this sentiment, promising use cases for her coin, including a “Mother Store” where holders can utilize their token for merchandise, like shirts and hats. In reaction to rug pull accusations, Azalea has also promised a burn rate for her coin.&nbsp;</p> 
<p>In May, a person named <a href="https://crypto.news/sahil-aroras-alleged-rug-pulls-prompt-wecare-foundations-support/" target="_blank" data-type="link" data-id="https://crypto.news/sahil-aroras-alleged-rug-pulls-prompt-wecare-foundations-support/" rel="">Sahil Arora</a> created a cryptocurrency called IGGY, trying to exploit Azalea’s popularity, and ended up stealing millions. In response, Azalea distanced herself from Sahil’s IGGY coin.&nbsp;</p> 
<p>Azalea alluded that the mobile venture will be released later this week, with news to come.&nbsp;</p>

Rapper Iggy Azalea says MOTHER token can be used to buy smartphones and cell plans

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