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Iggy Azalea's MOTHER Token Jumps Over 50% After Partnering With DWF Labs
MOTHER jumped as much 50% after the announcement to over 4 cents.
Updated Jul 11, 2024, 2:14 p.m. Published Jul 11, 2024, 2:10 p.m.
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Iggy Azalea is venturing deeper into crypto with a partnership with crypto market maker DWF Labs, the firm said in a social media post on Thursday.
DWF Labs said it is partnering with the Australian rapper in a post on X, without giving any details on the partnership. The announcement sent the MOTHER token skywards.
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Pleased to announce our latest strategic partnership with @IGGYAZALEA 🎉
— DWF Labs (@DWFLabs) July 11, 2024
Excited to support innovative projects in the Web3 space 🫶
Stay tuned for more updates 😉
MOTHER jumped as much as 50% to over 4 cents after the post.
Iggy Azalea started the controversial token in late May to modest fanfare. However, soon after its launch, the token rose significantly, turning its early holders into millionaires overnight, even though many in the crypto circles questioned its legitimacy.
Last month, the rapper said that MOTHER token holders might soon be able to buy buy cell phones and telecom plans from Azalea's planned telecommunications company.
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The asset manager overseeing more than $900 billion assets may buy up to 90 million MORPHO tokens as part of a partnership to support DeFi credit market, it said.
What to know:
- Apollo Global Management struck a cooperation agreement to support lending markets built on Morpho’s onchain protocol.
- The deal allows Apollo to acquire up to 90 million MORPHO tokens over 48 months.
- The move follows BlackRock's push into decentralized finance earlier this week, listing its tokenized fund and buying tokens of decentralized exchange Uniswap.
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