The Australian singer Iggy Azalea inspired the MOTHER coin, which saw a huge 58% rise on Thursday after news that it would be working with DWF Labs, a well-known market maker in the Web3 space. Because of this rise, MOTHER was the best-performing asset on the market that day.
In a number of posts on social media site X (formerly Twitter), DWF Labs announced its partnership with Iggy Azalea, who is now an investor in cryptocurrencies. The partnership starts a new step for DWF Labs, which will focus on next-generation liquidity partnerships to help cryptocurrency projects.
Iggy Azalea replied by saying that she had given all of her MOTHER tokens to DWF Labs and Wintermute, an algorithmic trading company that specializes in digital assets. The community liked this move, which was meant to make tokens more stable and protect financial purity. They emphasized that the tokens’ locked founder status would make them even safer.
MOTHER Token Price Fluctuations Await
Neither party gave any information about the details of the collaboration, so there is some guessing about how it might affect MOTHER’s price and stability in the coming months.
Iggy Azalea’s role with MOTHER has grown stronger since she announced in June that she wanted to bring a telecommunications company she co-founded back to life. When this project was first announced, it instantly raised the price of MOTHER by 27%.
Azalea wants token holders to be able to use MOTHER and Solana tokens to buy phones and wireless plans. Sphere Labs will be in charge of the technology for these transactions, and Unreal Mobile will be in charge of the phone services.
After the DWF Labs agreement was announced, the price of MOTHER token rose almost 60% early Thursday, reaching a high point of $0.04816 that had not been seen in five days.
However, the token has been unstable since its all-time high of $0.2306 on June 6th. It is now selling at $0.0347, which is 85% less than its peak. It has lost 16% in value over the last seven days, with $0.0349 acting as a resistance level and $0.0286 acting as a support level.
As the market goes up and down, it’s still not clear where the MOTHER token will go in the future. We’re waiting for more news from the ongoing partnership with DWF Labs and other strategic initiatives led by Iggy Azalea.
