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rapper Iggy AzaleaWired
•Business
Business & Economics
58% Informative
In spring 2024 , rapper Iggy Azalea launched the Mother Iggy (MOTHER) coin.
For its emblem, she selected a picture of her derriere.
In aggregate, the memecoin market is now worth more than $100 billion .
In the same way that celebcoins had a moment, so did memecoins inspired by Donald Trump .
Memecoins have largely escaped the attention of US financial regulators under the Biden administration.
There is a potential future in which memecoins could be used by entrepreneurs as a vehicle to raise capital for earnest crypto projects without giving away equity.
But for now, they represent financial speculation in its rawest form.
A crackdown of some form is likely, industry watchers say, such is the amount of money flying around.
VR Score
45
Informative language
39
Neutral language
60
Article tone
informal
Language
English
Language complexity
46
Offensive language
offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
17
Source diversity
10
Affiliate links
no affiliate links
