#302: Iggy Azalea's $MOTHER

The newsletter argues that Iggy Azalea's memecoin MOTHER has held up better than other celebrity tokens because she has stayed committed to the project, while most celebrities launched tokens and abandoned them, often within the first day. It reports MOTHER at a $191 million market cap at the time of writing, with Azalea's X account focused only on MOTHER since the token launched on May 29. The piece also points to her weekly initiative in which she burns some of her own tokens if a celebrity rugs their memecoin, a pledge Hulk Hogan's rug triggered. The author notes that it is too early to tell whether she can break the celebcoin trend.