DWF Labs Announces Partnership With Popular Artist: Meme Coin Soars!

Solana (SOL) based meme coin took flight with the post of market maker DWF Labs.

Cryptocurrency market maker DWF Labs announced on Thursday, July 11, that it has partnered with world-famous rapper Iggy Azalea, creator of meme coin MOTHER.

We are pleased to announce our latest strategic partnership with Iggy Azalea. We are excited to support innovative projects in the Web3 space. Stay tuned for more updates.

Azalea quoted this post from her own X account and said, "I'm excited to partner with you too!" said.

In May, “celebrity” meme coins became the center of attention on the Solana network. MOTHER, released at that time, was in the middle of controversy and created a volatile trading environment. These fluctuations brought to mind that the famous meme coins could be a money trap.

After the post made by DWF, MOTHER price started to rise rapidly. According to CoinGecko data, MOTHER, which rose by 56% due to the news flow, climbed from $ 0.030 to $ 0.048. But this rise was replaced by a rapid retreat.

MOTHER is trading at $0.0375 at the time of writing.