Iggy Azalea's Memecoin 'MOTHER' Generates $194 Million, Hits $200M Market Cap

Rapper Iggy Azalea has made significant strides in the cryptocurrency world with her 'MOTHER' memecoin, which generated $194 million in one week. The coin briefly soared above a $200 million market cap before stabilizing at $165 million. Azalea's entry into the crypto space has sparked controversy, particularly after Ethereum founder Vitalik Buterin criticized the memecoin. Despite facing backlash for her understanding of blockchain technology and gas fees, Azalea's venture has proven financially successful.