According to Odaily, a new celebrity meme coin named after the Australian musician Iggy Azalea has been launched by Sahil Arora, a serial fraudster. The coin has managed to raise over $300,000 in its presale. However, Azalea has publicly distanced herself from Arora's presale, stating that she has no involvement in it. She also added that she has her own cryptocurrency project in the works.
Arora's new coin is the latest in a series of celebrity-themed cryptocurrencies, a trend that has seen a significant rise in popularity. Despite the controversy surrounding Arora's past, the coin's presale has been successful, demonstrating the continued interest in such tokens.
Azalea's announcement of her own cryptocurrency project suggests that the musician is keen to enter the digital currency space. However, details of this project are yet to be revealed. It remains to be seen how this development will impact the value and popularity of Arora's coin.