Celeb Crypto Handler Takes $380K for Fake Iggy Azalea Meme Coin

After helping Caitlyn Jenner launch a meme coin and But Azalea Through his Telegram group, XO, Arora teased that Iggy Azalea was to be his next celebrity partner for a meme coin to launch through Pump.fun. Quickly, he dropped an address prompting people to send Solana (SOL) to enter a presale for the soon-to-launch token.Initially only open to 100 wallets, he soon expanded that tally to 700 and eventually 1,000. Now, the On Tuesday, Arora dropped a Pump.fun link in his Telegram group for his IGGY token with the promise of an endorsement tweet from the Australian rapper on its way. Then he “Are you going to send the presale tokens out???” one Twitter user Lost souls think Sahil is going to airdrop them.$IGGY pic.twitter.com/3qBnZBbd2P— DrDoz (@DrDoz3) May 28, 2024″She’s going to [Twitter] Spaces with me at $10 million [market cap],” Arora claimed on Telegram, while IGGY sat at a $2 million market cap. But before his token could even reach $3 million, Azalea took to Twitter to launch her own token, MOTHER, without Arora.“Don’t disappoint your mother,” the rapper Also don’t believe the bullshit fake screen shots n all the rest. I KNOW yall smarter than that. I can host my own space etc. No one is working with me… I can’t say it enough. Noooooootttttt trueeeeeeeee Sahil baby take your L and go already. ‍♀️ — IGGY AZALEA (@IGGYAZALEA) May 29, 2024In response, the crypto promoter took to Telegram to move the goal posts regarding the airdrop deal—which was originally promised prior to the token’s public launch. Instead, he offered automatic allowlist placement on future projects for those who paid in, a 10% cut of profits from upcoming token launches, and an airdrop of IGGY after it hits a $10 million market cap instead.Over the next hour, according to Azalea then took to Twitter Spaces to tell her side of the story. According to multiple sources who were there, the musician claimed that Arora spoke with her manager, trying to convince them to launch a token. But after researching Arora’s background, they opted to proceed without him. Arora appeared to have caught wind of this, and front-ran them with his own IGGY token.Off the back of these Twitter Spaces, the Australian rapper Arora, for his part, responded to the controversy by lotta gang, lotta bitches only when im takin pics im the middleman they say i lost it, lemme show u the midas touch one more time mfs. imma pull u outta the trenches fam, best believe and let’s fuckin bodybag that pic.twitter.com/v3GqMkDjun— Habibi ( , ) (@Habibi_Comm) May 29, 2024Decrypt reached out to Arora multiple times ahead of publication but did not immediately receive a response.Azalea has thus far come out ahead in the perception battle with Arora, based on broad Crypto Twitter sentiment, though her own token launch hasn’t been without drama. Crypto analytics firm Bubblemaps The rapper told pseudonymous on-chain analyst Bubblemaps didn’t appear to be satisfied with the explanations, however, finishing its Twitter thread by quote-tweeting a chart that highlights the poor performance of many “More celebrity tokens will come,” the company Edited by Andrew Hayward