By Digital currencies remained weak on Wednesday, as Bitcoin hovered at $103,100 amid the ongoing bloodbath.
The global cryptocurrency market capitalization stood at $3.42 trillion after a 1.50% decline in the past 24 hours.
While bearish sentiments prevailed, celebrity coin $MOTHER maintained a bullish daily price chart.
The meme token rebounded after reports that Iggy Azalea is joining a new Solana-based crypto Launchpad as a creative director.
🚨 BREAKING: @IGGYAZALEA x @thrustdotcom Iggy has officially joined Thrust as the Creative Art Director. Plans are in motion to migrate @MOTHERprovides – $MOTHER – to the new culture drive, token launchpad for creators
The announcement marks a key milestone for the retired rapper-turned crypto entrepreneur, who is among the few mainstream celebrities who have remained active in the blockchain space beyond a single meme-fueled cycle.
After prolonged silence, Iggy Azalea has ignited his meme project MOTHER with a new movement, planning to transform meme tokens into the creator economy.
Thrust, scheduled to launch today, is a Solana-based coin generator that aims to end the pump-and-dump phenomenon in the cryptocurrency space.
The retired rapper has championed the notion that celebrity cryptocurrencies can be long-term projects with real-world use cases, not short-lived hype vehicles.
With Thrust, Azalea hopes to introduce a mechanism that merges legitimate fan engagement with sustainable growth.
Thrust: innovative standards for fair launches
The new meme Launchpad wants to redefine fairness in token launches.
Thrust introduces smart contracts bound by legal agreements to ensure transparency and accountability while integrating blockchain and traditional entertainment policies.
The bold move looks to turn meme coins from gambling tools into cultural assets.
If successful, the token generator could change how influencers and creators interact with their communities, setting new standards for transparency and trust in the revolutionizing economy.
Unlike open-ended platforms like Pumpfun, Thrust uses lawfully enforceable smart contracts and vetting for every project to safeguard investors and creators.
The team’s primary goal is to eliminate the pump and dump schemes and insider allocations that have plagued the meme token sector, especially on Solana. They said:
Once access begins, you’ll be able to buy directly from inside the app. There are no tiers, no backdoors, and no early allocations, just a simple open window for anyone who showed up.
Enthusiasts will watch how Thrust thrives in the competitive blockchain world with Iggy Azalea as creative art director.
Notably, the rapper will migrate with her MOTHER token to the new Launchpad.
MOTHER price outlook
Mother Iggy decoupled from the broader downtrend following the announcement.
While bears dominated the overall crypto market, MOTHER hovered at $0.006496 after an over 5% increase on its daily price chart.
The altcoin eyes further gains, but weak trading volumes hint at short-lived bounce-backs.
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