Iggy Azalea’s MOTHER memecoin has experienced a significant price surge of 26.22% in the last 24 hours. This token was introduced to the market at the end of May 2024.
In a new development, Australian singer Iggy Azalea is set to activate another use case for her recently launched token, Mother (MOTHER), starting on Tuesday. By reintroducing her telecom company, Unreal Mobile, Azalea aims to broaden the token’s utility, allowing users to purchase mobile and cell plans using MOTHER.
Additionally, Azalea announced the launch of MOTHER merchandise last week, which, along with the activation of new use cases, has led to a rally in the token’s market price. Currently, MOTHER is trading at $0.1861, as per CMC data.
Unreal Mobiles has collaborated with Sphere Labs to streamline payment infrastructure for the relaunch, with a range of phones available for purchase during the launch event on Tuesday.
Recently, there has been a trend of celebrities launching memecoins on the Pump.fun platform, particularly focusing on Solana-based meme tokens. Iggy Azalea’s MOTHER memecoin was one such token launched at the end of May 2024.
Price Analysis for MOTHER in the Last 24 Hours
In the past 24 hours, Iggy Azalea’s MOTHER token has seen a price increase of 26.22%, driven by the announcement of expanding its use cases. With a daily trading volume of $14.11 million, the token has a liquidity close to $5 million.
Looking back over the past week, the meme token reached an all-time high of $0.2021 on June 6. Despite some volatility, MOTHER has maintained a bullish trend, with its current market price above the short-term 9-day MA. The token’s daily RSI of 62.04 indicates a neutral market sentiment.
Since its launch on May 28, MOTHER has exhibited volatile price movements, initially surging before experiencing a drop in market value. While some investors were wary of MOTHER being a rug pull among other celebrity meme tokens, the recent expansion of its use cases has instilled a sense of optimism within the community.
In other crypto news today:
– BabyDoge collaborates with Tandem for an exclusive hardware wallet.