Iggy Azalea's Memecoin 'Mother Iggy' Surges to $194 Million Market Cap

The rapper's Solana-based cryptocurrency sees explosive growth despite criticism from Ethereum's Vitalik Buterin.

A trader turned a $777,000 investment into $9.4 million in just eight days with 'Mother Iggy'.
The token's market cap soared to over $190 million within its first week of trading.
Iggy Azalea's provocative memes and active promotion have fueled the coin's popularity.
Critics argue that celebrity-backed cryptocurrencies often lack long-term value and can be risky investments.
Azalea aims to transition 'Mother Iggy' into a stablecoin and integrate it into her business ventures.