Over the previous week, a controversial superstar token development has emerged. Mainstream media figures started launching Solana-based memecoins and gave the impression to be displaying curiosity within the cryptocurrency.
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The most recent star to affix the superstar token craze is Australian rapper Iggy Azalea, who launched a controversial token much like Caitlyn Jenner’s JENNER token.
Who’s Solana?
On Monday, Azalea stunned the crypto neighborhood by displaying curiosity in cryptocurrencies. The rapper and mannequin posted on X asking: “Who’s Solana? I do not know that bitch.
The put up has obtained greater than 1.8 million views and prompted controversy in several communities. “Stan Twitter” interpreted this put up as a drag on American R&B singer SZA, inflicting many followers to assault Azalea. Nonetheless, the rapper was fast to make clear the query, replying: “Woman, I used to be speaking about crypto.”
Azalea has since discovered her introduction to the cryptocurrency neighborhood overshadowed by her alleged relationship with alleged scammer Sahil Arora. In accordance with NewsBTC, Arora was allegedly answerable for launching a number of superstar and influencer tokens, which he in the end boycotted.
Rapper Wealthy The Child and Olympian Caitlyn Jenner accused him of dishonest on them and benefiting from their followers. The 2 celebrities proceed their crypto journey, selling their cash and interacting with neighborhood members.
Arora seems to have continued to make the most of cryptocurrency traders within the wake of the fraud allegations. Azalea accused the alleged serial scammer of “exploiting her picture” because the rapper distanced himself from his practices.
The quick monitor from music to cryptocurrencies
Azalea defined that Arora has had conversations along with her workforce about cryptocurrencies, however her lately launched coin has nothing to do with him. Arora allegedly created faux screenshots and used the rapper’s title to lift greater than $380,000 in a token presale referred to as IGGY.
In accordance with an X person, Arora claimed to be collaborating with the Australian rapper on Telegram. He mentioned his subsequent “huge launch” will happen throughout the subsequent 12-24 hours.
After elevating 2.246 Solana (SOL), the alleged scammers informed traders that they might “robotically execute WL on all additional choices.” Moreover, traders will obtain a “cheap 10% SOL airdrop” from Arora’s income with every launch, in addition to “an $iggy airdrop when our market cap reaches $10 million.”
Nonetheless, Azalea launched one other Solana-based token on Tuesday referred to as MOTHER. The token references the LGTBQ+ cultural time period that has turn into fashionable in cyberstan tradition in recent times.
Azalea’s token launched simply hours after Arora’s IGGY token, complicated traders. After being requested, the rapper defined that she launched the Solana-based token to cease Arora from exploiting her title:
I’ve by no means been on a date, it is one thing I am fascinated about doing, so it is with my pals. He did a bizarre presale yesterday and mentioned I used to be going to make a coin with him at present so I made a decision to present one up so he could not use me for his bizarre rip-off. If I had a coin of my very own, he would die. It is that straightforward.
The neighborhood continues to query her connection to Allura after she posted an Instagram story with a person who regarded like her. Nonetheless, it was later revealed that the person was Azalea’s brother, Mathias Kelly.
Mother beats IGGY
In accordance with Solana Flooring, MOTHER’s market capitalization reached $50 million at its peak. The coin surged 63,000% within the following hours, surging from $0.00004968 to $0.03179.
The coin’s buying and selling quantity has reached $126.8 million previously 16 hours. As of this writing, MOTHER is buying and selling at $0.01634, a 21,000% surge from its concern worth.
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As compared, Arora’s IGGY token surged in worth to $0.009288 after launch earlier than plummeting to under $0.00020. At the moment, the rip-off token is buying and selling at $0.0001354, with a market cap of $134,000.
Featured picture from Wikipedia.com, chart from TradingView.com
