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Rapper Iggy Azalea launched two meme coins, $iggy and $MOTHER, with $MOTHER reaching a peak market cap of $50 million. Traders made significant profits, with one turning $861 into $509,000 within 5 hours by trading $MOTHER. The coins experienced volatile price movements, with $iggy briefly spiking to $4-$5 million before selling off.
The Daily Modern Market Snapshot: Wed 29 May Headlines 👉Iggy Azelea launches $iggy and tweets about $MOTHER From @Tyler_Did_It: "Iggy Azelea has pulled off a successful stealth memecoin launch 🤯 About 2.5 hours ago a token named $iggy launched, briefly spiked to $4-$5M then… https://t.co/mW5bL9izoV
REPORT: @IGGYAZALEA launched her own meme coin $MOTHER which reached $50M marketcap at peak. Within 5 hours of the launch this trader turned $861 into $509K, a gain of 59000% A trader spent 5.14 $SOL($850) to buy $MOTHER and sold it for 3,035.5 $SOL($509K). https://t.co/W5dUZMXXWG
🚨REPORT: @IGGYAZALEA launched her own meme coin $MOTHER which reached $50M marketcap at peak. A trader spent 5.14 $SOL($850) to buy 86.55M $MOTHER(8.66% of the total supply) and sold 80.41M $MOTHER for 3,035.5 $SOL($509K). https://t.co/WBvILwltkF