- MOTHER Iggy Azalea coin meme token that can be utilized for telephone purchases.
- MATKA token surges after announcement, fueled by potential real-world utility.
- The launch obtained combined reactions, with some skeptical of its legitimacy.
Lower than a month after its debut, the Iggy Azalea Mom Iggy Token (MATKA) meme coin is able to increase its use within the telecommunications house. In a current social media publish, the Australian rapper introduced plans to revive the co-founded telecommunications firm. Azalea mentioned MOTHER and SOL holders will now have the ability to use their tokens to buy telephones or month-to-month cellular plans.
Tech agency Sphere Labs will handle the cost infrastructure, whereas Unreal Cell will present telephone providers. Azalea additionally famous that customers can have entry to “a collection of telephones to purchase.”
“Tomorrow I lastly relaunch the telco I co-founded and you should purchase telephones or month-to-month plans with $MOTHER or Sol. The advert marketing campaign will probably be launched later this week. Thrilling,” Azalea wrote on X (previously Twitter).
Unreal Cell gives three mobile phone plans: Black, Gold, and Large Cell, which value $20, $40, and $80, respectively. Since its launch, Mom Iggy has seen a value enhance of 864%, based on Coinmarketcap knowledge. Prior to now seven days, the token has witnessed a 158% enhance, reportedly boosted by the announcement of the Mom merchandise retailer. In a current intraday session, Mom Iggy rose 23% to develop into one of many greatest winners within the meme coin sector.
Solana's blockchain transfer into the smartphone sector has proved profitable after the corporate introduced a sell-out of its flagship 'Saga' telephone. After a failed launch in 2022, the corporate's constructive output in 2023 created hype round Solana-based meme tokens.
Following this, Solana introduced the event of the subsequent sequence of Saga telephones. In February 2024, the corporate revealed that pre-orders for the second sequence of Saga telephones had exceeded 100,000.
Mom Iggy's launch on the finish of Could was met with combined reactions from crypto market members. Whereas some noticed it as a money seize, others noticed it as a step in direction of wider cryptocurrency adoption.
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