Editing Iggy Azalea

**Iggy Azalea** is an Australian rapper who launched [[Mother Iggy|MOTHER]], a [[Solana]] memecoin, on [[pump.fun]] on 2024-05-28. She became one of the most prominent figures among [[Celebrity memecoins|celebrity memecoins]].[^1][^2]

## Background
Azalea is an Australian musician. Decrypt's SCENE named her its 2024 Person of the Year for her crypto activity, calling MOTHER the highest-valued of any celebrity-created token.[^2]

## Style
Azalea presented herself as a long-term crypto participant rather than a one-off endorser: "I want to be a crypto legend!" and "I want to bring the chaos to the pop culture of crypto".[^2] Decrypt reported that opinion of her improved after she held X Spaces and criticised promoter [[Sahil Arora]]. Pump.fun co-founder [[Alon Cohen|Alon]] said "when we found that she knew what she was doing, we were super bullish on her."[^3]

## Notable trades
### IGGY presale
In May 2024 Arora ran a [[Memecoin presale|presale]] for a token named after Azalea that raised over $300,000. She distanced herself in a later-deleted post, saying she wanted a "legit coin with utility".[^4] Decrypt reported that six months later IGGY presale buyers had received neither tokens nor refunds.[^2]

### MOTHER
- 2024-05-28: Azalea launched MOTHER on pump.fun, hours after the IGGY presale collapsed.[^1][^2]
- 2024-06: MOTHER reached a market cap just under $260 million within about two weeks, then fell about 82% over the following month.[^2]
- 2024-07: she said she held about 3% of supply, bought on the open market at around a $1.2 million market cap, and that the project had been vetted by firms including Wintermute and [[DEX Screener]].[^5]
- 2024-10: her Motherland Rodeo Party at Token2049 in Singapore was followed by a rise of more than 157% in MOTHER over ten days.[^2]
- 2024-12-20: the project soft-launched Motherland, an online casino where users could gamble MOTHER tokens with livestreamed celebrities.[^2]

## Controversies
### Insider allegations
- 2024-05-29: [[Bubblemaps]] said insiders bought more than 20% of supply directly from the launch team and had sold over $2 million. It also said a wallet beginning "JEET" received 127.5 million MOTHER, about 12.75% of supply, from the deployer and made about $1.4 million in profit.[^1]
- Azalea said she had no control over what people did with coins after receiving them and that she opposed "dumping coins".[^1] She later said "I never dumped $2 million".[^5] Decrypt reported that 20% of supply was sniped at launch without her knowledge.[^3]

### Class action
- 2026-05: an investor represented by [[Burwick Law]] sued Azalea in the Southern District of New York. The complaint alleges that promised utility never materialised: Motherland ran on USDT rather than MOTHER, and the Unreal Mobile and DreamVault integrations did not work as described.[^6]
- It also alleges investors were not told how market makers Wintermute and DWF Labs could trade the token. Azalea's representatives did not respond to Decrypt.[^6]

## See also
- [[YZY]]
- [[Broccoli]]
- [[Haliey Welch]]
- [[Daddy Tate]]
- [[Hawk Tuah]]
- [[Jailstool]]
- [[Kekius Maximus]]
- [[Vine]]

## References
1. [New Iggy Azalea token has 'huge insider activity' — analytics firm](https://cointelegraph.com/news/new-iggy-azalea-token-huge-insider-activity-analytics-firm), Cointelegraph, 2024-05-29
2. [SCENE's 2024 Person of the Year: Iggy Azalea](https://decrypt.co/298294/scene-2024-person-of-the-year-iggy-azalea), Decrypt, 2024-12-23
3. [SCENE's 2024 Story of the Year: The Boom—and Bust—of Celebrity Meme Coins](https://decrypt.co/298703/scene-2024-story-of-the-year-celebrity-meme-coins), Decrypt, 2024-12-26
4. [Iggy Azalea distances herself from alleged scammer's $300K memecoin](https://cointelegraph.com/news/iggy-azalea-distances-scammer-memecoin-300k), Cointelegraph, 2024-05-28
5. [Iggy Azalea Denies Dumping $2 Million Worth of MOTHER on Retail](https://unchainedcrypto.com/iggy-azalea-denies-dupming-mother/), Unchained, 2024-07-16
6. [Rapera Iggy Azalea Enfrenta Demanda Colectiva por Memecoin MOTHER en Solana](https://decrypt.co/es/366869/iggy-azalea-demanda-memecoin-mother-promesas-falsas-inversores/), Decrypt (Spanish edition), 2026-05-05
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