Quote from: lalabotax on June 06, 2024, 09:03:44 PM

Quote from: Phoenixtrader on June 05, 2024, 02:06:36 PM

Hi everyone, I'm asking because I've witnessed a memecoin named MOTHER, which is backed by Iggy Azalea, go from a $100k market cap to over $100M in less than 7 days, with the potential to even hit $1B, in my opinion. That's amazing and electric if you ask me.

Did you follow this meme coin? What's your opinion on it, and do you think we'll see more memecoins backed by celebrities?

This one?
https://www.coingecko.com/en/coins/mother-iggy

Wow, I just knew that there was this meme coin and this coin has gone up more than 80%, you know. looks like snat was successful. It's just that, I'm actually quite worried about the various projects promoted by celebrities. In the end, it's still the same, a rugpull or a big loss. because it is certain that this project will really spread hype and then attract a lot of attention and investment, especially from the fans. And those who don't understand just follow along, which means they end up having to give up their money to survive. It's quite unfortunate that this has happened several times.

That's exactly what it's doing. Hype, attention and optimism. I'll suggest DYOR extremely though but tbh she's doing it good. Launching a store that uses mother as MOP and issuing a burn. Smart though. https://x.com/IGGYAZALEA/status/1798850017727557913?t=sjKECcl527Ox-Oc4S0JGyw&s=19. Even volumes on it on platforms like Bitget is in the millions. If you're a meme trader. Riding the hype rn won't be a bad idea imo..