{"id":610454,"date":"2024-05-29T17:00:20","date_gmt":"2024-05-29T17:00:20","guid":{"rendered":"https:\/\/uniquehot.com\/?p=610454"},"modified":"2024-05-29T15:31:52","modified_gmt":"2024-05-29T15:31:52","slug":"solana-is-for-baddies-rapper-iggy-azalea-joins-the-controversial-celebrity-token-frenzy","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solana-is-for-baddies-rapper-iggy-azalea-joins-the-controversial-celebrity-token-frenzy\/","title":{"rendered":"\u2018Solana Is For Baddies\u2019: Rapper Iggy Azalea Joins The Controversial Celebrity Token Frenzy"},"content":{"rendered":"

For the past week, a controversial celebrity token trend has emerged. Mainstream media figures began launching Solana-based memecoins and seemingly showing interest in cryptocurrencies.<\/p>\n

Related Reading: Is Solana Preparing For Liftoff Or Meltdown? Analysts Forecast SOL\u2019s Future<\/a><\/div>\n

The latest star to join the celebrity token frenzy is Australian rapper Iggy Azalea, who saw a controversial launch similar to Caitlyn Jenner\u2019s JENNER token.<\/p>\n

Who Is Solana?<\/h2>\n

On Monday, Azalea surprised the crypto community by showing interest in cryptocurrencies. The rapper and model posted<\/a> on X asking, \u201cWho is Solana? I don\u2019t know that bitch.\u201d<\/p>\n

The post has gathered over 1.8 million views and caused controversy in different communities. \u201cStan Twitter\u201d interpreted the post as a drag to American R&B singer SZA, which caused many fans to attack Azalea. However, the rapper quickly clarified the issue, replying, \u201cGirl, I\u2019m talking about crypto.\u201d<\/p>\n

\"Solana\"
Azalea endorses Solana on X: Source: Iggy Azalea<\/a><\/figcaption><\/figure>\n

After that, Azalea found her introduction to the crypto community overshadowed by the allegations of her involvement with alleged scammer Sahil Arora. As reported<\/a> by NewsBTC, Arora was allegedly responsible for the launch of several celebrity and influencer tokens, which he ultimately rugged.<\/p>\n

Rapper Rich The Kid and Olympian Caitlyn Jenner called him out for scamming them and taking advantage of their followers. Both celebrities continued their crypto journey, promoting their tokens and engaging with community members.<\/p>\n

Following the scam<\/a> allegations, Arora seemingly has continued to take advantage of crypto investors. Azalea is accusing the alleged serial scammer of \u201cusing her image\u201d as the rapper distances herself from his practices.<\/p>\n

In The Fastlane From Music To Crypto<\/h2>\n

Azalea explained that Arora and her team had a conversation regarding crypto, but her recently launched token was unrelated to him. Allegedly, Arora had fabricated fake screenshots and used the rapper\u2019s name to raise over $380,000 in a presale for a token named IGGY.<\/p>\n

As an X user reported<\/a>, Arora claimed to be working with the Australian rapper on Telegram. He stated that his next \u201cmega launch\u201d would happen in the next 12-24 hours.<\/p>\n

After raising 2.246 Solana (SOL), the alleged scammer told investors they would get \u201cautomating WL to all further launches.\u201d Additionally, investors would receive a \u201c10% SOL airdrop rationally\u201d from Arora\u2019s profits on each launch and an \u201cairdrop of $iggy when we hit $10m market cap.\u201d<\/p>\n

\"Solana\"
The rapper distances herself from Arora on X: Source: Iggy Azalea<\/a><\/figcaption><\/figure>\n

However, Azalea launched a different Solana-based token called MOTHER on Tuesday. The token references the LGTBQ+ culture term that got popularized in recent years in online stan culture.<\/p>\n

Azalea\u2019s token was launched only a few hours after Arora\u2019s IGGY token, which confused investors. After being asked, the rapper explained<\/a> that she launched her Solana-based token to stop Arora from taking advantage of her name:<\/p>\n

\n

I never had a date to, it was something I had interest in hence the convo with my ppl. He made a weird presale yesterday and said I was making a coin with him today so I decided to drop one so he couldn\u2019t use me for his weird scam. If I have a coin of my own figured his would die. It\u2019s that simple.<\/p>\n<\/blockquote>\n

The community continued questioning her links to Arora after posting an Instagram story with a man looking like him. However, it was later revealed that the individual was Azalea\u2019s brother, Mathias Kelly.<\/p>\n

MOTHER Beats IGGY<\/h3>\n

According to Solana Floor, MOTHER reached a market cap of $50 million at its peak. The token soared by 63,000% in the following hours, going from $0.00004968 to $0.03179.<\/p>\n

\"Solana\"
MOTHER’s performance since its launch. Source: DEXScreener<\/a><\/figcaption><\/figure>\n

In the last 16 hours, the token has amassed a trading volume of $126.8 million. At writing time, MOTHER is trading at $0.01634, representing a 21,000% surge from its launch price.<\/p>\n

Related Reading: Solana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge?<\/a><\/div>\n

In comparison, Arora\u2019s IGGY token saw its price soar to $0.009288 after launch before plummeting<\/a> below the $0.00020 range. Currently, the scam token trades at $0.0001354 and has a market capitalization of $134,000.<\/p>\n

\"solana,
SOL is trading at $168.76 on the weekly chart. Source: SOLUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Wikipedia.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

For the past week, a controversial celebrity token trend has emerged. Mainstream media figures began launching Solana-based memecoins and seemingly showing interest in cryptocurrencies. Related Reading: Is Solana Preparing For Liftoff Or Meltdown? Analysts Forecast SOL\u2019s Future The latest star to join the celebrity token frenzy is Australian rapper Iggy Azalea, who saw a controversial launch similar to Caitlyn Jenner\u2019s JENNER token. Who Is Solana? On Monday, Azalea surprised the crypto community by showing interest in cryptocurrencies. The rapper and model posted on X asking, \u201cWho is Solana? I don\u2019t know that bitch.\u201d The post has gathered over 1.8 million views and caused controversy in different communities. \u201cStan Twitter\u201d interpreted the post as a drag to American R&B singer SZA, which caused many fans to attack Azalea. However, the rapper quickly clarified the issue, replying, \u201cGirl, I\u2019m talking about crypto.\u201d After that, Azalea found her introduction to the crypto community overshadowed by the allegations of her involvement with alleged scammer Sahil Arora. As reported by NewsBTC, Arora was allegedly responsible for the launch of several celebrity and influencer tokens, which he ultimately rugged. Rapper Rich The Kid and Olympian Caitlyn Jenner called him out for scamming them and taking advantage of their followers. Both celebrities continued their crypto journey, promoting their tokens and engaging with community members. Following the scam allegations, Arora seemingly has continued to take advantage of crypto investors. Azalea is accusing the alleged serial scammer of \u201cusing her image\u201d as the rapper distances herself from his practices. In The Fastlane From Music To Crypto Azalea explained that Arora and her team had a conversation regarding crypto, but her recently launched token was unrelated to him. Allegedly, Arora had fabricated fake screenshots and used the rapper\u2019s name to raise over $380,000 in a presale for a token named IGGY. As an X user reported, Arora claimed to be working with the Australian rapper on Telegram. He stated that his next \u201cmega launch\u201d would happen in the next 12-24 hours. After raising 2.246 Solana (SOL), the alleged scammer told investors they would get \u201cautomating WL to all further launches.\u201d Additionally, investors would receive a \u201c10% SOL airdrop rationally\u201d from Arora\u2019s profits on each launch and an \u201cairdrop of $iggy when we hit $10m market cap.\u201d However, Azalea launched a different Solana-based token called MOTHER on Tuesday. The token references the LGTBQ+ culture term that got popularized in recent years in online stan culture. Azalea\u2019s token was launched only a few hours after Arora\u2019s IGGY token, which confused investors. After being asked, the rapper explained that she launched her Solana-based token to stop Arora from taking advantage of her name: I never had a date to, it was something I had interest in hence the convo with my ppl. He made a weird presale yesterday and said I was making a coin with him today so I decided to drop one so he couldn\u2019t use me for his weird scam. If I have a coin of my own figured his would die. It\u2019s that simple. The community continued questioning her links to Arora after posting an Instagram story with a man looking like him. However, it was later revealed that the individual was Azalea\u2019s brother, Mathias Kelly. MOTHER Beats IGGY According to Solana Floor, MOTHER reached a market cap of $50 million at its peak. The token soared by 63,000% in the following hours, going from $0.00004968 to $0.03179. In the last 16 hours, the token has amassed a trading volume of $126.8 million. At writing time, MOTHER is trading at $0.01634, representing a 21,000% surge from its launch price. Related Reading: Solana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge? In comparison, Arora\u2019s IGGY token saw its price soar to $0.009288 after launch before plummeting below the $0.00020 range. Currently, the scam token trades at $0.0001354 and has a market capitalization of $134,000. Featured Image from Wikipedia.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":610456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[92458,14186,92457,92456,3053,12837,83626,91907,91853,83627],"class_list":["post-610454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-caitlyn-jenner","tag-crypto-scam","tag-iggy-azalea","tag-jenner","tag-mother","tag-sol","tag-solana","tag-solana-memecoins","tag-solana-tokens","tag-solusdt"],"acf":[],"yoast_head":"\n\u2018Solana Is For Baddies\u2019: Iggy Azalea Joins Celebrity Token Frenzy<\/title>\n<meta name=\"description\" content=\"Solana-based celebrity tokens became a trend over the past week and Iggy Azalea joined the crypto community with a controversial launch.\" \/>\n<meta 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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