Iggy Azalea's Solana-based memecoin, $MOTHER, has experienced significant growth since its launch, reaching a market cap of approximately $220 million and increasing by 120% in the last 24 hours. The token has surged by 1,200% in its first week of trading, making $194 million in one week. Azalea has also introduced new utility for the token, allowing it to be used for purchasing mobile phones and subscriptions through her relaunched telecommunications company. Despite this, the token saw a 15% decline following the announcement of its use for phone payments. The token has gone parabolic, increasing by over 4500%, and Azalea is cashing in on the crypto trend.