In -depth analysis of Mother Celebrity Coin is a new pet or a new pit?

Author: TPAN Source: SUBSTACK Translation: Shan Ouba, Bitchain Vision

Today’s topic is about the most popular/unpopular Memecoin.Having said that, we can learn something from the Iggy strategy, maybe Mother is not just as simple as it is on the surface.

In addition, I hold some MOTHER coins, and I am fortunate to be able to participate early. Take this roller coaster to objectively observe the chaotic situation to see if we can learn from it.

What is Celebrity Coin and Mother?

Celebrities have been involved in cryptocurrencies and web3 for a long time, and they are usually associated with fraud and “running” incidents.A few years ago, when the NFT prevailed, many celebrities seized the opportunity but failed to be involved. Now they are almost no longer involved in the NFT field.For example, Christiano Ronaldo’s exclusive NFT collection on Binance has sold only 9,000 US dollars as of yesterday.

As the NFT fell out of favor, Memecoin quickly filled this vacant.With pump.fun and other tools, anyone can easily release Memecoin.The celebrities naturally seized this opportunity to make a quick profit.

In the past and a half weeks, we have witnessed a wave of celebrities entering the venue:

Caitlyn Jenner (May 26)
Rich The Kid (May 27)
Iggy Azalea (May 28)
Moneybagg yo (The post has been deleted)
Lil pump (On May 29, the post has been deleted)
Trippie Redd (May 29th, the post has been deleted)
Davido (May 29)

(Please refer to the tweet)

So, how do they perform?

Iggy’s Mother coin is an exception. As of the writing of this article, its market value is $ 191 million.

Wait, who is iGgy Azalea?

Iggy Azalea is a favorite Australian female rapper in the 2010s, with popular singles such as “Fancy” and “Black Widow”.

Why do other celebrity coins perform poorly, but Mother has risen steadily within the same time?

The simple answer is: she has maintained this project.

Almost all of these celebrities have given up their issued tokens (in the process of selling tokens and earning 6 to 7 digits), and many people withdraw from the first day.

I know that a celebrity who has been released for 10 days for 10 days is ridiculous.Most New Year determination can last more than 10 days, haha.But in a world that we often treat things with absolute standards, relatively speaking, this is actually impressive (sad?).This cannot be ignored.

How does iGgy keep investing in this field?

Reminder: We are discussing in a relatively sense. Iggy is a novice.

IGGY’s X account focuses on mother

Looking at her X account, it was all about Mother and deleted all posts before May 29th, the day when tokens were issued.It sounds simple, but please remember that she has 7.6 million fans, and published a total of 2245 posts about Mother (including forwarding, reference, etc.).

Lead her traffic to Celebrity Coin

Although X is the main focus, because it is in line with the audience, Iggy also placed Mother’s Telegram channel link on her Instagram and suspended her onlyfans to let fans go to the Telegram channel.

(By the way, she is one of the creators of onlyfans with the highest income, it is really amazing)

Interact with the community

Iggy appears in Spaces in multiple communities.I just heard it once (starting from the 12th minute) and had to admit that she looked really sincere.Here are some points:

She learned more about cryptocurrency and web3 from her business manager, but want to know “What else is there?”

By letting her friends settle in, she shared some valuable insights on friction points.If you are developing consumer wallets or trading products, this may be a point worth double attention:
How to buy solana?
What is a slippery point?

Many well -known people contacted her through her manager, and she plans to cooperate with them
She hopes to focus on other sources of income, not selling tokens, which is unsustainable
2 non -encrypted projects (mobile networks and digital gifts/crowdfunding) will be launched in the next few weeks, and both projects will integrate encryption payment, including Mother
She is a digital aboriginal, go home to chat online during lunch and browse the music forum
Plan to participate in solana breakpoint

In Telegram chat, Iggy often interacts with the community and reply through voice messages.

Make full use of bad actors in their peers

Last week, Iggy launched an initiative that if a celebrity sells their Memecoin, she will destroy some tokens.Earlier today, Hulk Hogan became a new member of this club, which means one thing:

Destruction proof transaction

This measure transforms the original negative events into negative events that have positively impact on different communities.Make full use of the bad case.

The result is not revealed

With a large number of low -quality celebrity currency scams, people should naturally be skeptical of them.Both Vitalik and Hayden Adams have objected to this latest trend, and I agree with their views.

Interestingly, iGgy has just launched Mother’s website, and the product can only be purchased with Mother.This is one of the many steps that promote things towards Vitalik’s better direction.