• Iggy Azalea's meme coin “MOTHER Token” can now be used to purchase cell phones.
• MOTHER tokens soared following the announcement, buoyed by their potential real-world utility.
• “Launch” has obtained combined reactions, with some questioning its legitimacy.

Lower than a month after its debut, Iggy Azalea's meme coin, Mom Iggy Token (MOTHER), is poised for expanded use within the telecommunications business. In a current social media publish, the Australian rapper introduced plans to revive the telecommunications firm she co-founded. Azalea mentioned that MOTHER and SOL holders will be capable to use the tokens to buy telephones and month-to-month cell plans.

Expertise firm Sphere Labs will deal with the funds infrastructure, whereas Unreal Cellular will present the telephone providers, and Azalea mentioned customers will even have entry to “a choice of telephones to purchase.”

“Tomorrow, I'm lastly relaunching the communications firm I co-founded. You'll be capable to use $MOTHER or Sol to buy a telephone or month-to-month cellphone plan. The advert marketing campaign and rollout is scheduled for later this week. I'm excited.” Azalea wrote on X (previously Twitter).

Unreal Cellular affords three cell phone plans – Black, Gold, and Massive Cellular – priced at $20, $40, and $80, respectively. Since launch, Mom Iggy's value has risen 864%, in line with knowledge from Coinmarketcap. Over the previous seven days, the token has risen 158%, reportedly pushed by the announcement of Mom's merchandise retailer. In current intraday buying and selling, Mom Iggy rose 23%, making it one of many greatest gainers within the meme coin sector.

Solana Blockchain's foray into the smartphone house has confirmed profitable as the corporate introduced the sell-out of its flagship product, Saga. After a failed launch in 2022, the corporate's sturdy foray into 2023 has sparked hype round Solana-based meme tokens.

Following this, Solana introduced the event of one other Saga telephone collection, and the corporate revealed that as of February 2024, pre-orders for the second Saga telephone collection had exceeded 100,000 items.

Mom Iggy's launch in late Might was met with combined reactions from crypto market members, with some seeing it as a money-making ploy and others viewing it as a step in direction of broader crypto adoption.