The MOTHER memecoin will enable holders to buy smartphones and mobile phone subscriptions from the newly re-launched company.
Iggy Azalea’s newly launched Mother (MOTHER) token has seen a significant surge following an unexpected announcement regarding its utility.
Holders of the Mother memecoin will soon be able to purchase mobile phones and monthly cell phone subscription plans as Azalea prepares to relaunch her old telecommunications company.
Azalea made the announcement in a June 9 post on X:
“Tomorrow, I’m finally relaunching the telecommunications company I co-founded, and you will be able to purchase phones or month-to-month cell plans using MOTHER or Sol.”
After the announcement, the MOTHER token jumped over 30% in the following 24 hours, reaching $0.1958, according to CoinMarketCap data.
Azalea also mentioned that the advertising campaign for the mobile company’s relaunch will start this week, which could lead to more social media buzz and further momentum for the memecoin.
Summary Review: Iggy Azalea’s MOTHER memecoin experienced a significant 30% surge following the announcement that it will be used to purchase smartphones and mobile subscriptions from her relaunched telecommunications company. This new utility has generated considerable interest, with the token‘s price rising to $0.1958. As the advertising campaign for the company’s relaunch rolls out, further social media buzz and upward momentum for the memecoin are expected.
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