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Iggy Azalea's MOTHER Token Jumps Over 50% After Partnering With DWF Labs
MOTHER jumped as much 50% after the announcement to over 4 cents.
Iggy Azalea is venturing deeper into crypto with a partnership with crypto market maker DWF Labs, the firm said in a social media post on Thursday.
DWF Labs said it is partnering with the Australian rapper in a post on X, without giving any details on the partnership. The announcement sent the MOTHER token skywards.
STORY CONTINUES BELOW
Pleased to announce our latest strategic partnership with @IGGYAZALEA 🎉
— DWF Labs (@DWFLabs) July 11, 2024
Excited to support innovative projects in the Web3 space 🫶
Stay tuned for more updates 😉
MOTHER jumped as much as 50% to over 4 cents after the post.
Iggy Azalea started the controversial token in late May to modest fanfare. However, soon after its launch, the token rose significantly, turning its early holders into millionaires overnight, even though many in the crypto circles questioned its legitimacy.
Last month, the rapper said that MOTHER token holders might soon be able to buy buy cell phones and telecom plans from Azalea's planned telecommunications company.
Parikshit Mishra
Parikshit Mishra is CoinDesk's Regional Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
