Iggy Azalea is venturing deeper into crypto with a partnership with crypto market maker DWF Labs, the firm said in a social media post on Thursday.
DWF Labs said it is partnering with the Australian rapper in a post on X, without giving any details on the partnership. The announcement sent the MOTHER token skywards.
Pleased to announce our latest strategic partnership with @IGGYAZALEA đ Excited to support innovative projects in the Web3 space đ«¶Stay tuned for more updates đ
â DWF Labs (@DWFLabs) July 11, 2024
MOTHER jumped as much as 50% to over 4 cents after the post.
Iggy Azalea started the controversial token in late May to modest fanfare. However, soon after its launch, the token rose significantly, turning its early holders into millionaires overnight, even though many in the crypto circles questioned its legitimacy.
Last month, the rapper said that MOTHER token holders might soon be able to buy buy cell phones and telecom plans from Azalea's planned telecommunications company.