The Iggy Azalea-launched “MOTHER” is the only token launched by celebrities last week still hitting new all-time highs. It has now amassed a market cap of $130 million.
The majority of celebrity-backed tokens that launched last week, including JENNER, DAVIDO, and RICH, have tanked at least 66% since peaking — though one token bucked that trend and is still setting new all-time highs.last week was “JENNER” by American media personality Caitlyn Jenner on May 28. Many initially thought the token was part of a deep fake X account hack.whether the token was genuinely launched and endorsed by the celebrity.
Meanwhile, the mom-inspired token launched by rapper and model Iggy Azalea, “MOTHER” on May 29 is the only coin that hasn’t succumbed to the fto a $134 million market cap on June 6 and, in doing so, set a new all-time high price of $0.1272.Vitalik Buterin slams celebrity memecoins Hayden Adams, the inventor of decentralized exchange Uniswap said he had “no issues” with the recent celebrity memecoin craze — but“Iggy could have responded positively, and used profits to donate to a social cause or something.”if it serves a purpose that brings value to society, such as improving healthcare, supporting open-source software, and promoting art and creativity.