The celebrity meme coin "MOTHER" issued by Australian rapper Iggy Azalea at the end of May has seen a peak increase of more than 3,000%, and has increased by nearly 700% since its release. Although Iggy Azalea is not the first celebrity to issue a meme coin, the rapper started Beef with Vitalik because Vitalik joined in the criticism of celebrities.

(Vitalik: Celebrities sending out meaningless meme coins makes me very unhappy)

(“Celebrity meme coins, get out!” Crypto community reactions to celebrity meme coins vary widely)

Meme Coin “MOTHER” Iggy Azalea: Let’s talk about Gas Fee tax

Vitalik Buterin, the co-founder of Ethereum, said recently: "So far, I am very dissatisfied with the "celebrity experiments of this cycle." He said that people are issuing these meme coins just to make money, and he hopes that people should have public welfare purposes. and operate for a long time.

Iggy Azalea responded in an interview recently:

"I'm not offended by this guy's opinion. But I question what you're doing with the Gas Fee. That's a lot of money. And your point is whether it's charity or whatever. It's a lot of money anyway. Let's talk about the Gas Fee tax. . Maybe some people shouldn’t have so many opinions.”

Iggy Azalea may want to use Ethereum’s high Gas Fee to blame Vitalik. However, Gas Fee is mostly earned by the verification nodes. Vitalik is more of an indirect beneficiary of holding ETH. The whole thing is not like using Gas Fee to make money. related.

Uniswap founder who is not opposed to celebrity memes: can respond positively to Vitalik

Uniswap founder Hayden Adams supports this trend. He said there is no problem with meme coins or celebrity coins. I think meme attention is valuable and creating a market for it is cool. That said, the technology’s fundamental purpose and value extends far beyond financial games. The best builders in the field are motivated by positive social change.

He said Iggy could have responded positively and donated the profits to a social cause or something. Instead, she prides herself on the best builders in the field in order to prove herself. (Because Iggy made a really mean meme)

Meme coin "MOTHER" is saving koalas

Iggy Azalea's "MOTHER" website actually started a campaign to use MOTHER to donate to koala rescue charity after some controversial remarks appeared. It’s a visible act of kindness, despite the noise that celebrity memes are making money.

This article "MOTHER" goes against Vitalik's anti-celebrity meme theory! The post Australian rapper Iggy Azalea spoke out against the “Gas Fee tax” first appeared on Chain News ABMedia.