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Iggy Azalea’s Mother Coin Surges 25% as Celebrity Memecoins Eye Year-End Rally
Yahoo Finance· 2025-11-06 02:31
Group 1 - Iggy Azalea's Mother Coin experienced a 25% increase following the launch of Thrust, a Solana-based platform aimed at enhancing transparency in celebrity-backed tokens [1][2] - The Thrust platform was introduced at the Blockchain Futurist Conference in Miami, addressing transparency issues in the memecoin market and securing partnerships with notable figures [2][3] - Mother Coin is set to migrate to Thrust's infrastructure by the end of 2025, with a new token featuring actress Megan Fox expected to launch in December [2] Group 2 - The overall cryptocurrency market faced significant declines, with Bitcoin dropping below $105,000 and a total market capitalization decrease of $100 billion [4] - Despite the downturn in major cryptocurrencies, the memecoin sector showed resilience, with a total market capitalization exceeding $40 billion in 2025 [5] - Retail investors, particularly those in their 20s and 30s, have been attracted to popular tokens like Dogecoin, Shiba Inu, and Pepe, which remain in the top 100 cryptocurrencies by market cap [5]