Iggy Azalea is venturing deeper into crypto with a partnership with crypto market maker DWF Labs, the firm said in a social media post on Thursday.
DWF Labs said it is partnering with the Australian rapper in a post on X, without giving any details on the partnership. The announcement sent the MOTHER token skywards.
MOTHER jumped as much as 50% to over 4 cents after the post.
Iggy Azalea started the controversial token in late May to modest fanfare. However, soon after its launch, the token rose significantly, turning its early holders into millionaires overnight, even though many in the crypto circles questioned its legitimacy.
Last month, the rapper said that MOTHER token holders might soon be able to buy buy cell phones and telecom plans from Azalea’s planned telecommunications company.
Edited by Aoyon Ashraf.
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
Parikshit Mishra is CoinDesk’s Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.