“Yeah, I paid for this phone with Iggy Azalea’s cryptocurrency.” This could be the sound on the other end of a telephone conversation between you and holders of $MOTHER. It HAPPENED on Bonk, so why not on this relatively new cryptocurrency? $MOTHER is less than a few weeks old but has already clocked 809%.

Welcome to another week at the HODL.FM, we are here to simplify crypto and make it easy to digest.

Iggy Azalea Announces $MOTHER Holders Will Soon Pay for Telephone Services using the Token 

Iggy Azalea’s token came out on 28 May 2024, and the sensational singer recently wrote on her X that holders could soon pay for monthly telephone plans or phones using the $MOTHER token. 

The move comes a few days after Iggy announced the launch of a merchandise store as part of the token’s master plan to make $MOTHER the most useful thing since sliced bread.

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Source: Tenor

With this news, those holding $MOTHER will son purchase phones and communication services from the celebrity’s telecommunication company, a move that will soon bring more value to the cryptocurrency only a few weeks after its launch.

Phone Payment Plan Starts from $20

The singer went on to write in a follow-up tweet that buyers would have a diverse range of phones to select from. In the same tweet, she also announced the name of the service provider issuing the phones as Unreal Mobile, and Sphere Labs would be the firm handling the payments infrastructure. With Unreal Mobile, users had the opportunity to select affordable plans ranging between $20 – $80 depending on each individual user’s network spectrum and data consumption. 

Issued on Solana, the $MOTHER token seems to be following in the footsteps of its parent blockchain, which recorded massive success with sales of its Solana Saga mobile phones. Since the first phase of the saga sold out, the team embarked on a second phase whose orders have crossed the 100,000 mark in the number of pre-orders. One of the attributes that may have contributed to the success of these phones is that the Solana Saga phones came with pre-allocated BONK tokens.

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Source: Tenor

$MOTHER’s Price Performance and Market Capitalization

Australian Singer Iggy Azalea’s $MOTHER token was launched on Solana by the close of May. The cryptocurrency token recorded rapid volatility in its first few days, which stirred confusion and debate among cryptocurrency communities. A section of cryptocurrency proponents said the token was a possible money grab by the celebrity, while others said the project demonstrates what market-wide adoption looks like. 

Besides, what screams “mainstream adoption” louder than a rapper launching a cryptocurrency?‘

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Source: Tenor

As we talk, the token’s price is already 809% up since its launch price and has grown from around $0.017 to $0.18 in less than 2 weeks. 

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$MOTHER/USD price chart Source: CoinMarketCap

Moreover, $MOTHER’s market capitalization has already tested $200 and is aiming for higher numbers.

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