Celebrity endorsed memecoin, the new wave in the meme market

in Cryptocurrency • 3 months ago

Celebrity-endorsed memecoin has become a growing trend in the meme market, these tokens enjoy the fame of the celebrities behind them and the hype of their global fans to spike.

American rapper IGGY AZALEA seems to be the latest to join the trend, having launched MOTHER IGGY on Solana. $MOTHER would go on to rise dramatically in value since launching on May 29, and reached an all-time high shortly afterwards.

Listing at an intitial market cap of around $50,000, $MOTHER has since soared to over $105M, over 300x since launch and an on-chain liquidity pool of $3.4 million.

With over 18k holders and a new listing on Bitget, $MOTHER community keeps expanding as the hype ramps up. While the memecoin community is fast accepting this trend, It's left to be seen if it will be sustainable.

What are your thoughts on this growing trend?

#mother #memecoin #iggy
3 months ago in Cryptocurrency by
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