Celebrity rapper meme coin MOTHER goes on the offensive with launch of Mad Lads PFP and more

MOTHER, the Solana (SOL)-based meme coin launched by Australian rapper Iggy Azalea themed after herself, has experienced a short-term bull run over the weekend, reaching a market capitalization of nearly $90 million at its peak. This is likely due to a collaboration with Mad Lads, a leading PFP NFT project in the Solana ecosystem, to release customizable NFTs.” “Last Friday, Mad Lads released a customized PFP NFT themed around Iggy Azalea. After the release of the PFP NFT, the price of the MOTHER token rose to a high of $0.08952, and then dropped to about half of its high on Sunday, but it rebounded on Monday and recovered to near its high.” MOTHER has been the subject of some controversy since its launch, as it was found to be heavily insider traded. On CoinMarketCap, MOTHER is currently trading at $0.07205, up 27.96%.