An investor put $3,200 into Iggy Azalea's MOTHER token turned into nearly $9 million

Singer Iggy Azalea's MOTHER token is doing well on the Solana blockchain, quickly reaching a market capitalization of $200 million. An early investor turned $3,200 into nearly $9 million. The token was promoted to 8 million followers via Azalea's X account (formerly known as Twitter), generating widespread interest. The MOTHER token was launched by the modulo coin platform Pump.Fun, and despite having no real value proposition, its price has skyrocketed on rising demand. Ether founder Vitalik Buterin and Uniswap founder Hayden Adams have criticized celebrity tokens, arguing that they lack practical use. However, Azalea's continued promotion and bold social media interactions have seen MOTHER's price climb, agreeing to more attention.