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?
Actually I'm not surprised about the hype because it will definitely fall back to it actual value and i don't even think if such memecoin will last for a long period of time. That is why we need to be very careful with this memecoin that is been backed by celebrities because their intentions is just to make money, whether you lose or you gain is non of there business the most important thing is that they have gotten what they want this is why we need to be extremely careful.