Iggy Azalea has taken a step further into the world of cryptocurrency by partnering with crypto market maker DWF Labs, as announced in a post on X. The details of the partnership were not disclosed, but the news caused the MOTHER token to surge by 50%.
The MOTHER token, which was started by Iggy Azalea in late May, initially received only modest attention. However, shortly after its launch, the token experienced a significant increase in value, making its early investors millionaires overnight. Despite this sudden success, there were doubts about the legitimacy of the token within the crypto community.
In a recent statement, Iggy Azalea mentioned that MOTHER token holders may soon have the opportunity to purchase cell phones and telecom plans from a telecommunications company she plans to establish.
The partnership with DWF Labs has clearly had a positive impact on the value of the MOTHER token, pushing it to over 4 cents. This sudden surge in value highlights the growing influence of celebrities and influencers in the world of cryptocurrency.
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Parikshit Mishra, CoinDesk’s Deputy Managing Editor, oversees breaking news coverage and does not hold any cryptocurrency investments. As a reader, it is crucial to stay informed about the latest developments in the cryptocurrency world and to be cautious when investing in tokens or coins promoted by celebrities.