‘Solana Is For Baddies’: Rapper Iggy Azalea Joins The Controversial Celebrity Token Frenzy

4 months ago

For the past week, a arguable personage token inclination has emerged. Mainstream media figures began launching Solana-based memecoins and seemingly showing involvement successful cryptocurrencies.

The latest prima to articulation the personage token frenzy is Australian rapper Iggy Azalea, who saw a arguable motorboat akin to Caitlyn Jenner’s JENNER token.

Who Is Solana?

On Monday, Azalea amazed the crypto assemblage by showing involvement successful cryptocurrencies. The rapper and exemplary posted connected X asking, “Who is Solana? I don’t cognize that bitch.”

The station has gathered implicit 1.8 cardinal views and caused contention successful antithetic communities. “Stan Twitter” interpreted the station arsenic a resistance to American R&B vocalist SZA, which caused galore fans to onslaught Azalea. However, the rapper rapidly clarified the issue, replying, “Girl, I’m talking astir crypto.”

After that, Azalea recovered her instauration to the crypto assemblage overshadowed by the allegations of her engagement with alleged scammer Sahil Arora. As reported by NewsBTC, Arora was allegedly liable for the motorboat of respective personage and influencer tokens, which helium yet rugged.

Rapper Rich The Kid and Olympian Caitlyn Jenner called him retired for scamming them and taking vantage of their followers. Both celebrities continued their crypto journey, promoting their tokens and engaging with assemblage members.

Following the scam allegations, Arora seemingly has continued to instrumentality vantage of crypto investors. Azalea is accusing the alleged serial scammer of “using her image” arsenic the rapper distances herself from his practices.

In The Fastlane From Music To Crypto

Azalea explained that Arora and her squad had a speech regarding crypto, but her precocious launched token was unrelated to him. Allegedly, Arora had fabricated fake screenshots and utilized the rapper’s sanction to rise implicit $380,000 successful a presale for a token named IGGY.

As an X idiosyncratic reported, Arora claimed to beryllium moving with the Australian rapper connected Telegram. He stated that his adjacent “mega launch” would hap successful the adjacent 12-24 hours.

After raising 2.246 Solana (SOL), the alleged scammer told investors they would get “automating WL to each further launches.” Additionally, investors would person a “10% SOL airdrop rationally” from Arora’s profits connected each motorboat and an “airdrop of $iggy erstwhile we deed $10m marketplace cap.”

However, Azalea launched a antithetic Solana-based token called MOTHER connected Tuesday. The token references the LGTBQ+ civilization word that got popularized successful caller years successful online stan culture.

Azalea’s token was launched lone a fewer hours aft Arora’s IGGY token, which confused investors. After being asked, the rapper explained that she launched her Solana-based token to halt Arora from taking vantage of her name:

I ne'er had a day to, it was thing I had involvement successful hence the convo with my ppl. He made a weird presale yesterday and said I was making a coin with him contiguous truthful I decided to driblet 1 truthful helium couldn’t usage maine for his weird scam. If I person a coin of my ain figured his would die. It’s that simple.

The assemblage continued questioning her links to Arora aft posting an Instagram communicative with a antheral looking similar him. However, it was aboriginal revealed that the idiosyncratic was Azalea’s brother, Mathias Kelly.

MOTHER Beats IGGY

According to Solana Floor, MOTHER reached a marketplace headdress of $50 cardinal astatine its peak. The token soared by 63,000% successful the pursuing hours, going from $0.00004968 to $0.03179.

In the past 16 hours, the token has amassed a trading measurement of $126.8 million. At penning time, MOTHER is trading astatine $0.01634, representing a 21,000% surge from its motorboat price.

In comparison, Arora’s IGGY token saw its terms soar to $0.009288 aft motorboat earlier plummeting beneath the $0.00020 range. Currently, the scam token trades astatine $0.0001354 and has a marketplace capitalization of $134,000.