Coin Edition -
- Iggy Azalea’s meme coin MOTHER token to be usable for phone purchases.
- MOTHER token surges after announcement, fueled by potential real-world utility.
- Launch received mixed reactions, with some skeptical of its legitimacy.
Less than a month after its debut, Iggy Azalea’s meme coin Mother Iggy Token (MOTHER) is poised for expanded utility in the telecom space. In a recent social media post, the Australian rapper announced plans to revive a co-founded telecommunications company. Azalea stated that MOTHER and SOL holders will now be able to use their tokens to purchase phones or monthly cell plans.
Tech firm Sphere Labs will handle the payment infrastructure, while Unreal Mobile will provide phone services. Azalea also noted that users will have access to “a selection of phones for purchase.”
“Tomorrow, I’m finally relaunching the telecommunication company I co-founded, and you can purchase phones or month-to-month cell plans using $MOTHER or Sol. Ad campaign n rollout to follow late this week. Exciting,” Azalea wrote on X (formerly Twitter).
Unreal Mobile offers three mobile phone plans: Black, Gold, and Big Mobile, which cost $20, $40, and $80, respectively. Since its launch, Mother Iggy has seen price rises, surging by 864%, per Coinmarketcap data. Over the past seven days, the token has witnessed a 158% increase, reportedly fueled by a Mother merchandise store announcement. In the recent intraday session, Mother Iggy rose by 23% to become one of the top gainers in the meme coin sector.
The Solana blockchain’s move into the smartphone sector has proved successful after the company declared a sellout of the flagship “Saga” phone. After a failed launch in 2022, the company’s positive outing in 2023 sparked hype around Solana-based meme tokens.
Following this, Solana announced the development of another Saga phone series. As of February 2024, the company revealed that presale orders for the second Saga phone series have exceeded 100,000.
Mother Iggy’s launch in late May was met with mixed reactions from crypto market participants. While some viewed it as a cash grab, others saw it as a step towards broader cryptocurrency adoption.
The post Iggy Azalea’s MOTHER Token Gets Real-World Use: Buy Phones with Crypto? appeared first on Coin Edition.