- Iggy Azalea’s memecoin MOTHER has shown a price surge of 26.22% in the past 24 hours.
- The token was launched in the market towards the end of May 2024.
Another use-case of Australian singer, Iggy Azalea’s newly-launched token Mother (MOTHER) will be activated from Tuesday. By re-launching her telecom company Unreal Mobile, Azalea links her token in an attempt to expand its use-case and allows the selling of mobile and cell plans in exchange for MOTHER.
Moreover, Iggy Azalea also announced the launch of a MOTHER merchandise last week. Additionally, the two announcements have caused a price rally in the token’s market price. At the time of writing, MOTHER is trading at $0.1861 according to CMC data.
Notably, Unreal Mobiles has partnered with Sphere Labs to facilitate payment infrastructures for the re-launch. Azalea has also mentioned the availability of a selection of phones for purchase during the launch on Tuesday.
Furthermore, the past month has seen multiple celebrities launch memecoins on the Pump.fun platform. With the increasing focus on Solana-based meme coins, celebrity shillings are in the surge. Iggy Azalea’s memecoin MOTHER was launched towards the end of May 2024.
MOTHER 24H price Analysis
Over the past 24 hours, the price of Iggy Azalea’s MOTHER has increased by 26.22%. The upward movement was propelled by the recent announcement on expanding the token’s use cases. With a daily trading volume of $14.11 million, the token holds a liquidity ranging close to $5 million.
Zooming out, over the past week the meme token hit an ATH of $0.2021 on June 6. Despite increased volatility, MOTHER has remained briefly bullish as the current market price stands above the short-term 9-day MA. The token’s daily RSI of 62.04 indicates a neutral market sentiment.
Moreover, the token, since its launch on May 28, has shown volatile price momentum. After initially skyrocketing, the token plummeted in market value. Amidst other celebrity meme tokens, investors suspected MOTHER to be a rug pull. However, the recent additions to its use cases have influenced an optimistic outlook from the community.
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