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?
Absolutely not. It's like following celebrities for political advise. They are just people and what in the world would iggy know about crypto that would make me blindly follow something she is on? I think it's actually a bigger red flag because most likely they are getting paid to promote something and likely because the intent is to scam everyone. If a project was so good they wouldn't have to pay these people to push theor crap tokens around. I'll pass.