Iggy Azalea Declares War on Memecoin Pump-and-Dumps With New Solana Launchpad: Report

Retired rapper and crypto entrepreneur Iggy Azalea is taking another step into Web3 with a new Solana-based platform called Thrust, a token launchpad designed to restore credibility to celebrity-led coins and curb the pump-and-dump culture that has plagued the memecoin sector.

The Australian artist, known for her 2024 memecoin MOTHER, will serve as creative director and strategic partner for the project.

Thrust officially launched on Wednesday and describes itself as a “culture coin” platform, one that merges blockchain’s transparency with enforceable entertainment contracts.

Today is the day.@IGGYAZALEA is our Creative Director.

Culture coins are inevitable.
And @thrustdotcom is going to make them happen.

From the beginning, we connected with Iggy on the idea of building a platform for the celebrities and creatives to create tokens the right… https://t.co/xvkz6oTDwv pic.twitter.com/FffUnKeIlv

— Jake (@jakeantifaev) November 5, 2025

The goal, according to its founders, is to eliminate insider allocations, misleading promotions, and price manipulation schemes that have tarnished the celebrity crypto space.

Inside Thrust: Iggy Azalea’s Bid to Make Celebrity Crypto Legit Again

In the report, Azalea said that she had spent months rethinking how to make her own project sustainable.

“I’ve sort of been sitting dormant trying to figure out how can I create some sort of real revenue to put back into what we’re doing,” she said, referring to MOTHER.

“How can I do more live events? How can I give more to the community? How can we do more?”

Unlike open platforms such as Pump.fun, which popularized Solana’s “memecoin meta” by allowing anyone to issue a token, Thrust will operate under stricter conditions.

Each project will be vetted, legally binding, and structured to protect both fans and creators.

Azalea said her new role goes beyond design: “It’s not just that I aesthetically decide what things look like for Thrust as a company, but I’m a large part of the concepts when we’re white-gloving these celebrities onboard. I guess it’s almost like being a godmother.”

The project’s co-founder, Jake Antifaev, described Thrust as an attempt to “onboard pop culture into crypto responsibly.” He said the company is building a framework where creators can engage fans with accountability, not speculation.

“We want people who are committed to creating experiences for their fans and actually want to be here and contribute,” he said.

Thrust’s first release features Twitch streamer N3on, who has around 440,000 followers on Kick and is also part of Azalea’s separate venture, MOTHERLAND, a digital gaming casino.

Azalea’s own MOTHER token will migrate to the Thrust platform by the end of the year, and she confirmed that actress Megan Fox is expected to debut her own token at Art Basel in December.

Iggy Azalea’s Thrust Platform Lets Fans Buy Creator Tokens With Crypto or Fiat

The launchpad’s rollout gives fans direct access to creator tokens through a curated system designed to prevent early allocations and private insider rounds.

According to them, each launch will follow a clear process: users join a creator’s community inside the Thrust app, add funds via crypto or fiat payment methods, and participate in a timed purchase window.

Tokens will then vest gradually, giving holders access to gated community spaces and exclusive content.

https://t.co/ovk1X2U4n3

— Thrust (@thrustdotcom) November 4, 2025

According to Thrust, this model aims to restore trust following a series of high-profile token collapses that have impacted the celebrity coin market.

One recent example was Haliey Welch’s HAWK token, which briefly reached a $490 million market cap before crashing 93% within minutes.

The volatility reinforced criticism that most celebrity coins are short-lived speculative assets with little underlying utility or accountability.

Azalea herself has been no stranger to controversy. When MOTHER debuted in 2024, blockchain analytics firm Bubblemaps alleged insider activity, claiming wallets tied to early investors dumped roughly $2 million worth of the token after launch.

Azalea dismissed responsibility, saying she could not control how independent holders acted.

Despite the setback, MOTHER has remained active, currently trading at $0.00659, up 5% in 24 hours, with a market cap of around $6.3 million, according to CoinGecko.

Since then, Azalea has continued to expand her crypto ventures. In June 2024, she relaunched a telecommunications company that allowed users to purchase phones and cell plans using MOTHER or Solana’s native token, SOL.

Iggy Azalea introduces her revamped telecom company, offering phone purchases through her cryptocurrency, $MOTHER. Here's the latest. #UnrealMobile $MOTHERhttps://t.co/P5QepgHuS4

— Cryptonews.com (@cryptonews) June 10, 2024

The broader market for celebrity-themed tokens remains relatively small but active.

CoinGecko data shows a total market capitalization of about $84 million, with MOTHER ranking among the top gainers alongside projects such as BULLA and YZY.