‘Solana Is For Baddies’: Rapper Iggy Azalea Joins The Controversial Celebrity Token Frenzy
2024年5月30日 - 2:00AM
NEWSBTC
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’s Future The latest star to join the
celebrity token frenzy is Australian rapper Iggy Azalea, who saw a
controversial launch similar to Caitlyn Jenner’s 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, “Who is Solana? I don’t know that bitch.” The post has
gathered over 1.8 million views and caused controversy in different
communities. “Stan Twitter” 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,
“Girl, I’m talking about crypto.” 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
“using her image” 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’s 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 “mega launch” would happen in the
next 12-24 hours. After raising 2.246 Solana (SOL), the alleged
scammer told investors they would get “automating WL to all further
launches.” Additionally, investors would receive a “10% SOL airdrop
rationally” from Arora’s profits on each launch and an “airdrop of
$iggy when we hit $10m market cap.” 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’s token was launched only a
few hours after Arora’s 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’t use me for his weird scam. If I have a coin of my own
figured his would die. It’s 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’s 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’s 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
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