🌎 Iggy Azalea’s MOTHER Token Soars Ahead of Motherland Casino Launch

Rapper Iggy Azalea’s Crypto Token Surges as She Announces Motherland Casino Launch

Mother Iggy (MOTHER) token has seen a significant rebound, climbing to a high of $0.0950, marking a 180% increase from its August low. This recovery has pushed its valuation to over $88 million. The surge is largely driven by Azalea’s announcement of Motherland, an online casino that will utilize her token for transactions. Scheduled to launch in November, the casino will offer popular games such as blackjack, roulette, and poker.

Azalea’s initiative aims to provide the MOTHER token with practical utility, moving beyond its status as a meme coin. In addition to its use in the casino, the token will enable users to purchase smartphones and monthly plans.

Despite the recent rebound, the MOTHER token and other celebrity tokens are still trading significantly lower than their peak levels earlier this year. MOTHER has dropped by 63% from its highest point this year. Similarly, Andrew Tate’s Daddy Tate token has plummeted by over 74% from its record high, while Caitlyn Jenner’s token (JENNER) has slumped by over 96%, reducing its market cap to just $170,000. Collectively, all celebrity tokens tracked have a market cap of $92 million.

Meanwhile, users on prediction markets have increased the odds that the U.S. government will bring charges against Azalea, with the likelihood rising to 25%, the highest level since late July, up from this month’s low of 8%.

Odds of Iggy Azalea facing legal charges have risen significantly.

It’s worth noting that celebrities have faced legal repercussions for promoting cryptocurrencies in the past. In 2022, Kim Kardashian paid $1.26 million to the Securities and Exchange Commission for promoting the EMAX token without proper disclosure. Similarly, Floyd Mayweather and DJ Khaled were fined for launching initial coin offerings.

MOTHER Token Technical Analysis

The MOTHER token has recently crossed the 25-day Exponential Moving Average and risen above the weak stop-and-reverse point of the Murrey Math Lines at $0.0855. Additionally, there are indications that it is forming a cup and handle chart pattern, which is a popular bullish indicator. The token has also established a triple-bottom pattern at $0.033, and the Average Directional Index (ADX) has risen to 34, signaling a strong trend.