Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish
In this week's edition of The Protocol Newsletter, we're looking at Ethereum's eventful week that started off with the launch of EthLabs, plus the layoffs at the Ethereum Foundation, and what this all means for the network.
7:48 PM
Positive
Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket
The prediction market operator, which is eyeing a potential public debut in 2027, could close a new funding round in Q3, according to a Financial Times report.
5:18 PM
Binance withdraws Greek MiCA bid but vows to remain in Europe
The crypto giant must find a home base in the EU by July 1 or regulators will force the company to shut down operations for millions of regional users.
4:01 PM
Negative
BTC0.00%
Bitcoin falls below $60,000 as AI trade continues to draw investor interest and capital
South Korean memory chip giant on Wednesday filed to raise nearly $30 billion in a U.S. offering.
4:00 PM
BTC0.00%
Crypto Long & Short: Infrastructure is the prevailing currency in digital assets
In this week's Crypto Long & Short, Nonco’s Caue Teixeira makes the case that regardless of which coin ultimately wins, infrastructure is the prevailing currency in digital assets. Then, using CoinDesk's liquidation feed, Liquibit Capital's Alen Pavlović finds that June's forced selling peaked near $68,000, days before bitcoin actually bottomed.
3:45 PM
Negative
SecondFi loses $2.4 million in Cardano wallet exploit
SecondFi was hit by three separate attacks exploiting a flaw in its wallet generation software. A further 129 million ADA was secured by the team before attackers could reach it.
3:42 PM
Negative
Trump's refusal to sign housing bill could delay Congress and imperil Clarity Act
As Congress prepared to celebrate the president's signing of the bipartisan housing bill that contains a CBDC prohibition, Trump abruptly cancelled the event.
3:23 PM
Neutral
Ex-FCA policy insider explains the ‘great divide’ in the UK’s crypto ambition
Former FCA policymaker and Hedera Global Policy VP, Isadora Arredondo says there is a gap between the U.K.'s crypto ambitions and how policy is carried out in practice.
2:47 PM
Negative
Bitcoin just broke below the floor of its famous Rainbow Chart into the ‘BTC is dead’ zone
A 50% drop from recent highs has pushed the asset into a zone historically labeled as a dead end, sparking a debate among crypto analysts.
1:48 PM
Negative
Gold, silver and bitcoin tumble as 'debasement' trade unwinds
Precious metals have fallen sharply from their 2025 highs as markets price in Fed rate hikes.
1:42 PM
Negative
BTC0.00%
Bitcoin could fall to $55,000 before finding a bottom, 10x Research says
A strengthening U.S. dollar and the Fed's hawkish turn under new chair Kevin Warsh may keep pressure on crypto through the summer.
1:19 PM
Positive
CoinDesk 20 performance update: Aave (AAVE) gains 5.9% as index moves higher
Internet Computer (ICP), up 2% from Tuesday, joined Aave (AAVE) as a top performer.
1:00 PM
CZ, Binance founder, wants to clear up 'misunderstandings' about who he is
The former CEO of the world's largest crypto exchange is seeking to redefine himself to the world on his own terms.
12:48 PM
Positive
BTC0.00%
+2 Assets
Aave could soar to $3,500 by 2030 on DeFi revival, says StanChart
Geoff Kendrick said Aave has moved past April's cyberattack-related market disruption and is well positioned to benefit from growth in tokenized assets and DeFi.
11:36 AM
Positive
BTC0.00%
+1 Asset
This forgotten coin could surprise everyone before its next halving
Your day-ahead look for June 24, 2026
11:04 AM
Negative
BTC0.00%
+6 Assets
Bitcoin clings to $62,500 as bears tighten grip on crypto market
Bitcoin held above $62,500 and ether near $1,665, but sluggish price action and widening put skews signal bears remain firmly in control.
10:47 AM
Positive
YZi Labs ends proxy war with BNB treasury company CEA Industries
Partner Alex Odagiu will serve as an interim president, pending a search for a new chief executive, while head of YZi Labs Ella Zhang and Matthew Roszak also appointed directors of CEA.
10:38 AM
Positive
Cboe revives S&P 500 binary options, chasing a market popularized by Polymarket, Kalshi
One of the largest U.S. derivatives exchanges is bringing back yes/no bets on the S&P 500 after pulling them a decade ago, moving onto turf that Polymarket and Kalshi turned into one of the internet's fastest-growing corners.
9:47 AM
Positive
The Runes revival: Bitcoin traffic hits a two-year high as transactions blast past 820,000
A surge in Rune protocol activity is pushing Bitcoin transaction counts and fee generation to multi year highs.
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The famous token inspired by Australian singer Iggy Azalea, the Mother Iggy (MOTHER) token on the Solana (SOL) blockchain, experienced a significant surge of 58% on Thursday, emerging as the top performer in the market, as the meme coin announced a new collaboration with Web3 investor and market maker DWF Labs.
Iggy Azalea Collaboration With DWF Labs DWF Labs, through a series of posts on social media platform X (formerly Twitter), announced its strategic partnership with now crypto investor Iggy Azalea, as the company recently signaled a new chapter for the company, focusing on “next generation” liquidity partnerships to support crypto projects.
In response to the collaboration, Iggy Azalea revealed that she had loaned her entire MOTHER token holdings to DWF Labs and Wintermute, an algorithmic trading firm specializing in digital assets.
Iggy Azalea’s response to the collaboration with DWF Labs. Source: IGGY AZALEA on X By entrusting her holdings to these market makers, Azalea expressed confidence in their expertise and ability to increase the token’s stability and finance. One user on social media emphasized the significance of this move, highlighting that the founder tokens are now locked, ensuring the token’s “unruggable” nature.
However, no further details on the collaboration were provided by either party, leaving questions as to how the partnership will potentially boost MOTHER’s price or its stability in the coming months.
MOTHER Price Analysis This latest partnership adds to Iggy Azalea’s growing involvement with the meme coin, as the singer unveiled plans in June to revive a telecommunications company she co-founded, which had an immediate positive impact on the price of the MOTHER token, resulting in a 27% spike at the time of the announcement.
Azalea shared her vision of allowing MOTHER and Solana token holders to use their tokens to purchase phones or monthly wireless plans.
The singer revealed in her statement that the payment infrastructure for these transactions will be handled by technology company Sphere Labs, with phone services provided by Unreal Mobile, which led to a price spike above the $0.2300 mark for the meme coin.
With the recent announcement and the partnership of the meme coin with DWF Labs, the token surged nearly 60% in the early hours of Thursday, with the MOTHER token hitting a 5-day high of $0.04816.
However, after the initial hype surrounding the inception of the meme coin, MOTHER has steadily declined after hitting an all-time high of $0.2306 on June 6th, now down 85% from that level.
Currently, the token has corrected to its current trading price of $0.0347, which shows the volatility experienced over the past month, while the token also notes a 16% price drop over the past seven days.
However, in the potential scenario where the current uptrend continues, $0.0349 will be the next obstacle to overcome for the meme coin, as it has acted as a resistance wall for the token in the past week. On the other hand, the next support level is at $0.286.
The 1-hour chart shows MOTHER’s price spike on Thursday following the announcement. Source: MOTHERUSD on TradingView.com Featured image from DALL-E, chart from TradingView.com
Cryptocurrency prices remained on edge during the weekend as investors waited for the next catalyst. Bitcoin was trading at $66,800 on Sunday while most altcoins rose slightly. The market cap of all digital tokens remained at $2.6 trillion. This article will look at three cryptocurrencies like Poodlana, Mother Iggy, and Cat in a Dogs World.
Poodlana prediction Poodlana, an upcoming Solana meme coin, has continued thriving in its token sale. The developers have raised over $1.9 million in less than two weeks, making it one of the fastest-growing token sales in the industry.
Poodlana aims to be a better and bigger version of a dog-themed token than popular tokens like Shiba Inu and Dogecoin. It is based on Poodle, a popular Japanese dog breed.
The developers have selected Solana, which has become the most popular blockchain for meme coin creators. They love it because it is a significantly faster network and that its transaction costs are lower than other blockchains.
Poodlana’s token sale will run for just 30 days and the token price will continue rising gradually. This means that people who buy the token early will get more than those who buy near the end of the sale.
Additionally, Poodlana token will start trading just 30 minutes after the token sale finishes. That will be a different situation than most token sales when they take weeks or months before starting to trade.
Analysts we talked to believe that Poodlana token could rise after starting to trade in August. Most of this will depend on the overall market trends when this happens. If cryptocurrencies are rising, there are chances that the token will also follow the trend. You can buy the Poodlana token here.
Cat in a Dogs World (MEW) price forecast
The daily chart shows that the Cat in a Dogs World price has gone parabolic in the past few days. It has risen for four straight days, reaching its highest swing since April 24th. The token has recently crossed the important resistance point at $0.00064, its highest level on June 7th.
The MEW token has moved slightly above the 50-day moving average while the Relative Strength Index (RSI) has tilted upwards. History shows that such parabolic moves are followed by a big drop as profit-taking starts.
Therefore, there is a likelihood that the token will retreat and retest the crucial support level at $0.0060.
Mother Iggy price forecast
The MOTHER token, which is being promoted by Rapper Iggy Azelia, went vertical on Sunday as demand for the token continued. It also rose as Azelia continued promoting it on social media platforms.
On the four-hour chart, we see that the MOTHER token rose sharply as demand rose. It flipped the important resistance point at $0.047, its highest point on July 11th. The token has remained above the 50-period moving average.
However, it has formed a standard doji pattern, which is a popular reversal sign. Therefore, the token will likely resume a bearish trend and then retest the key support at $0.050.
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Recently, the crypto community saw the surge of a new memecoin frenzy with celebrity-endorsed cryptocurrencies. The Solana-based tokens registered massive gains but became pump-and-dump scams in most cases.
Nearly two months later, most of these tokens’ prices decreased significantly from their all-time high days. However, the MOTHER community, one of the best-performing celebrity memecoins, defended their crypto champion against the criticism.
The Rise Of Solana-Based Celebrity Memecoins In late May, Olympian and reality TV star Caitlyn Jenner launched her Solana-based JENNER token. The news surprised the crypto community, which initially suspected the gold medalist had been hacked.
Jenner was later joined by rapper Rich The Kid and his RICH token. Both memecoins were received with suspicion by the community and were immediately investigated.
Users quickly pointed out that the orchestrator behind the memecoins was a “crypto influencer” named Sahil Arora. Arora was known to be an alleged serial scammer who had previously launched several tokens, including influencer memecoins.
Per the reports, these tokens resulted in a pump-and-dump scam that left most investors empty-handed. Jenner initially confirmed working with the alleged scammer but eventually cut all associations.
After Jenner, several other celebrities launched tokens with Arora’s help, including Lil Pump, Davido, Trippie Red, and MoneyBagg Yo. Australian rapper Iggy Azalea was also linked to Arora’s scam during the launch of her Mother Iggy (MOTHER) token.
Despite the allegations, Azalea assured her followers that she joined the crypto community and launched MOTHER to prevent Arora’s attempts to use her likeness to scam people.
Since then, the industry has seen many more celebrity token launches, some linked to Arora and some being alleged hacks. The list includes the likes of Metallica, Andrew Tate, Hulk Hogan, 50 Cent, and more.
Many celebrity tokens launched in the last two months registered massive price increases. JENNER saw a 51,000% surge to its ATH, while MOTHER increased by 5,552%.
MOTHER’s performance in the weekly chart. Source: MOTHERUSDT on TradingView The Fall Of Celebrity Tokens Online reports revealed that the 30 Solana celebrity memecoins launched since May dropped by an average of 94%. According to Web3 strategist Slorg, even the best-performing celebrity tokens “are down more than 70%” from their ATH prices.
Andrew Tate-inspired DADDY crowns itself as the smallest loser among the tokens, with a 73.2% decrease. Meanwhile, JENNER and MOTHER follow closely with a 75% and 78.7% drop.
Just a month into their lifespan, “exactly half are down over 99%, with 7 others being down more than 90%.” Additionally, 22 of the 30 tokens have a market capitalization under the $1 million mark, and only 4 have a market cap above $10 million.
Celebrity tokens are down 94% a month after launching. Source: Slorg on X While most of the tokens have been abandoned, some celebrities still endorse their tokens, occasionally posting about them. But with “only 40% tweeting about the token at least once in the last week, most have followed the same trajectory of an initial pump, and then nothing.”
Some community members called the celebrity meta “pure exploitation, engagement farming their fan base.” However, the MOTHER community defended the token after the report.
An X user stated that “Iggy should be included in this group” as she seems to be “working her ass off, hasn’t sold a single token, spends hours communicating with holders.” Another user considers MOTHER’s launch “an example of what we would hope for from a celebrity.” They asserted that the token “would be a great blueprint to follow.”
As of this writing, MOTHER has seen a 23.1% drop in the last 24 hours, trading at $0.059. Its current price, however, represents a 103.6% increase in the weekly timeframe.
Featured Image from Wikipedia.com, Chart from TradingView.com
Throughout the week, the memecoin market experienced a significant surge, primarily driven by tokens inspired by popular names. The top three memecoin projects with the most growth in the past seven days are MAGA Again (MAGAA), Mother Iggy (IGGY), and Catwifhat (CAT). Here, we examine the notable details, data, and chart analyses.
MAGA Chart AnalysisMAGA Again, a token closely associated with the Republican presidential candidate Donald Trump and his political slogan Make America Great Again, saw its value increase by over 500% this week, making it the best-performing memecoin project of the past seven days. This surge is driven by the anticipation of Trump’s speech at the Bitcoin 2024 Conference this weekend.
However, this rise may be short-lived as real demand does not support the memecoin’s surge. This is based on the token’s Chaikin Money Flow (CMF) readings. At the time of writing, MAGAA’s CMF is at -0.37, below the zero line. If MAGAA starts to reverse, its price could drop to $0.026, but if it continues to rise, the token price could extend to $0.031.
MOTHER Chart AnalysisThe price of Iggy Azalea’s Mother Iggy (MOTHER) memecoin project increased by 138% in the week under review. As of the date of this writing, the memecoin is trading at $0.070. The token’s price increase pushed it above its 20-day exponential moving average (EMA) and towards its 50-day simple moving average (SMA).
When an asset’s price trades above its 20-day EMA, it indicates strong short-term momentum. This confirms that buying pressure currently outweighs selling pressure. As it moves towards the 50-day SMA, it signals the possibility of a sustainable long-term uptrend. If MOTHER maintains this trend, its price could rise to $0.082. However, profit-taking activity could push the memecoin project’s price down to $0.027.
CWIF Chart AnalysisBased on the leading Solana-based memecoin Dogwifhat (WIF), Catwifhat (CWIF) experienced a 133% rise in the past seven days. At the time of writing, the cat-themed memecoin was trading at $0.0000012. This week’s price increase led to the formation of an ascending channel on the daily chart. This channel forms when an asset’s price moves between two upward-sloping parallel lines, considered a bullish sign.
CWIF’s positive Chaikin Money Flow (CMF) indicates that the rally will continue. This indicator measures how money flows in and out of an asset. At the time of writing, CWIF’s CMF reading at 0.06 indicates liquidity inflow into the memecoin market. If the inflow continues, the token’s value could rise to $0.0000012.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Justin Sun, the creator of the Tron blockchain and a cryptocurrency billionaire, seeks to make a collaboration with Australian rapper Iggy Azalea. The latter is associated with the Mother Iggy meme coin, ranking 594th on the CoinMarketCap list. Currently, it is trading at $0.0349.
They are currently discussing their potential collaboration on the X social media platform.
Iggy Azalea and Justin Sun making crypto plansIggy Azalea is the pseudonym of the Australian-born rapper, songwriter, and model, Amethyst Amelia Kelly, who became famous after releasing two songs on YouTube: “Pussy” and “Two Times.” She received public recognition for them after moving from Australia to the USA.
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Iggy Azalea launched a meme coin named after herself – Mother Iggy ($Mother). Earlier today, X user @bull_bnb, with nearly half a million followers and invested in Mother Iggy, suggested that Azalea and Justin Sun should start collaborating on some sort of cryptocurrency project.
The rapper responded: “Any ideas Justin?” A reply from Justin Sun came quickly, saying: “Let's do something together!”
So far, several U.S. rappers are known for launching their own NFT collections or turning their albums into non-fungible tokens. Perhaps Sun and Azalea will come up with something similar.
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Justin Sun burns $8 million in SUN tokensIn another tweet published today, Justin Sun proudly announced that a massive burn of SUN tokens, cumulatively worth $8 million, has been conducted, and another $4 million worth of SUN burn is coming soon to follow the first one.
The link that leads to a SunSwap page shows that this burn was performed after that staggering amount of SUN tokens was repurchased from the market.
SUN, named after its founder Justin Sun, obviously, was created and launched four years ago, designed to be a Bitcoin alternative. In 2021, the token’s price witnessed a major crash due to its excessive total supply of 19,900,730,000, with 9,951,640,722 SUN in circulation as of now. After that, Sun shifted his token toward the DeFi sphere.
Currently, SUN ranks 154th on CoinMarketCap with a market value of $275,851,255.
Sun repurchasing and burning SUN tokens is likely an attempt to reduce its supply.
Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, signaled interest in Australian rapper Iggy Azalea's memecoin Mother Iggy (MOTHER), owing to favorable macroeconomic conditions.
Since the announcement, the yen indeed fell from 142.50 to 144.18 as of this writing, while Bitcoin made steady advances.
Hayes viewed this as an opportunity to trade ‘s**tcoins’ and made a cheeky reference to the popular rapper’s memecoin, asking, “Iggy Azalea, can you be my $MOTHER?
Hayes, one of the keen observers of the cryptocurrency market and the U.S. macroeconomy, holds about $28.63 million in digital assets, according to Arkham Intelligence.
See Also: Bitcoin’s Reserve Asset Appeal Increased Due To State Of US Federal Deficit And Debt, Says BlackRock: A Hedge Against ‘Possible Future Events’ Affecting The Dollar
While concerns about celebrity-promoted cryptocurrencies and their short-lived hype have run rife, Azalea's token has found purpose in real-world applications.
Last week, the Grammy-nominated artist announced plans to launch an online casino called Motherland, which would utilize the MOTHER token.
Price Action: At the time of writing, MOTHER was exchanging hands at $0.0747, up 3.50% in the last 24 hours, according to data from CoinMarketCap.
Photo by Fernando Cortes on Shutterstock
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Oracle platform Pyth Network now supports Mother Iggy, bringing real-time price feeds to more than 75 blockchains.
Pyth Network (PYTH) announced this on Sept. 26, stating that support for Mother Iggy (MOTHER) comes after “degens demanded it.” MOTHER is a Solana meme coin launched by Australian rapper and songwriter Iggy Azalea.
According to Pyth, support for the meme coin is via the MOTHER/USD price feed.
The first platforms to integrate this feed include Solana-based Drift Protocol, Save (formerly Solend), and asset-backed trading solution Flash.Trade.
As well as Mother Iggy, Pyth Network has outlined support for Sei (SEI)-based decentralized exchange DragonSwap. The platform will power its Prediction Product using Pyth price feeds, offering users real-time pricing data to ensure the predictions market delivers accurate outcomes.
MOTHER’s price rises Integration with the decentralized finance platform’s price feed comes as the meme coin rebounds to reclaim a $100 million market cap. Iggy Azalea has also been at the forefront of championing the project, which she says is more than just a “celeb meme” token.
Recently, MOTHER attracted attention with its plans to launch a crypto casino dubbed ‘Motherland’. Azalea unveiled the platform, which is expected to go live in November, during an event at Solana Breakpoint in Singapore. The MOTHER token will power the casino’s transactions.
MOTHER’s price rose sharply following the Pyth news, jumping more than 37% in the past 24 hours, outpacing other meme coins. Moodeng, Maga, and Daddy Tate were the other top-gaining meme coins among those ranked in the top 500 by market cap.
The Mother Iggy market cap stood at around $133 million at the time of writing, with daily volume spiking 50%.
BitMEX co-founder Arthur Hayes becomes active in the memecoin market, promoting top tokens like Pepe (PEPE), Mother Iggy (MOTHER), and Mog Coin (MOG).
In an exciting development, the popular crypto stakeholder has taken to X to express optimism about memecoins, emphasizing that the time is right for their breakout.
“I respect my $MOTHER, I $MOG like no one else, but I can’t neglect $PEPE,” Hayes remarked.
Hayes Purchases 24.39B PEPE on Binance Interestingly, the BitMEX co-founder had matched his words with action by purchasing $250,000 worth of PEPE on Binance earlier. Data from blockchain analytics platform Arkham Intelligence shows that Hayes first moved $1 million worth of USDC to Binance earlier today at 06:40 a.m. (UTC).
An hour later, he withdrew 24.39 billion PEPE tokens worth $252,680 from Binance. This indicates that Hayes recently purchased the tokens from Binance shortly after transferring $1 million USDC to the exchange.
BitMEX Founder Transfers 8M MOG Between His Wallets Following the transaction, Hayes received 8 million MOG tokens ($12.72) from one of his crypto wallets. At press time, the wallet holding Hayes’ 24.39 billion PEPE is valued at $4.83 million. Notably, PEPE is the portfolio’s third-biggest token by dollar value, while MOG is ranked in the 11th spot.
This blockchain address does not hold any MOTHER token at the time of writing. However, he may own MOTHER and more PEPE and MOG assets in his other wallets.
His Support for Memecoins Prior to placing a bet on memecoins, Hayes has been supportive of meme-based tokens. During an interview in March, the BitMEX co-founder warned people against writing off memecoins as valueless and stupid.
According to him, these tokens can bring real value to the blockchain sector through new users and attention. He emphasized that any blockchain capable of fostering the memecoin culture will benefit immensely from the attention these assets could generate, highlighting Ethereum and Solana as major beneficiaries.
Given his comments, it is not surprising that he will commit some funds to memecoins.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
TLDR Arthur Hayes invested $250,000 in PEPE, buying 24.39 billion tokens on Binance PEPE reached a 3-month high of $0.0000109, with significant gains over the past month PEPE’s trading volume surged 41% to $2.5 billion in 48 hours Hayes also expressed support for Mog Coin (MOG) and Mother Iggy (MOTHER) token The memecoin sector is showing renewed investor interest and price momentum Former BitMEX CEO Arthur Hayes has made a significant investment in the memecoin sector, purchasing $250,000 worth of PEPE tokens. This move comes as PEPE and other memecoins experience a surge in value and trading volume.
On-chain analytics platform Lookonchain reported that Hayes bought approximately 24.39 billion PEPE tokens on Binance last Friday. This investment coincides with PEPE reaching its highest price in nearly three months, trading at $0.0000109.
PEPE has seen impressive gains recently. According to data from CoinGecko, the token has increased by 34% over the past week, 45% over two weeks, and 38% over the past month. The token’s trading volume has also spiked, rising 41% in the last 48 hours to reach nearly $2.5 billion.
Pepe Price on CoinGecko This increased trading activity suggests growing investor interest in PEPE and the broader memecoin sector. The favorable market conditions may be partly due to the US Federal Reserve’s decision to cut interest rates on September 18, which has created a positive environment for many cryptocurrencies.
As of the latest trading hours, PEPE is up 17%, trading at $0.0000107. However, it remains 37% below its all-time high of $0.0000171, which was reached in May. Despite this, Hayes’s endorsement appears to be fueling continued investor interest in the token.
Hayes’s involvement in the memecoin space extends beyond PEPE. He has also expressed support for two other tokens: Mog Coin (MOG) and the Mother Iggy (MOTHER) token. The latter is associated with Australian singer Iggy Azalea and is built on the Solana blockchain.
While Lookonchain has not confirmed whether Hayes invested in these tokens as he did with PEPE, his endorsement has already had a positive impact on MOG’s price. MOG is currently trading at $0.00000165, a gain of over 10% following Hayes’s announcement.
The token has seen a massive year-to-date surge of 10,398%, along with a 5.70% increase in trading volume. However, it remains 32% below its peak of $0.0000024, which it reached in July.
The MOTHER token, on the other hand, has faced some challenges in maintaining its momentum. It is currently trading down nearly 14% in the past 24 hours.
However, it has still recorded substantial gains of 75% over the last week and 176% in the past two weeks, indicating that it remains an asset of interest despite recent volatility.
Hayes’s investment in PEPE and his support for other memecoins highlight the growing traction this sector has gained over the past year.
Memecoins have often outperformed larger, more established cryptocurrencies, attracting both retail and institutional investors seeking high-risk, high-reward opportunities.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
This week has been brutal for meme coins, with Mother Iggy (MOTHER) plummeting double-digits. Telegram-native meme coin DOGS also sank, and it was not any different with Base-built Brett (BRETT).
As these cryptocurrencies, known for their explosive rallies, grapple with sharp corrections, investors may be questioning their future. This analysis looks at the factors driving the steep declines and what might be next for these tokens in the near term.
Mother Iggy (MOTHER)MOTHER is the meme coin launched by Australian rapper Iggy Azalea. Some months back, MOTHER was doing incredible numbers as several celebrities got involved into crypto.
However, out of the many deployed tokens, this is one of the few that still have substantial market interest. At the beginning of the week, MOTHER’s price was $0.12. As of this writing, the value has decreased by 32.58% and is now $0.089.
On the daily chart, the meme coin is showing signs of recovering some of its gains. However, the Money Flow Index (MFI) reading suggests that it might be a fakeout. For context, a fakeout is a false breakout when the price moves out of a chart pattern but then moves right back inside it.
Read more: How to Buy Solana Meme Coins: A Step-By-Step Guide
Mother Iggy Daily Price Analysis. Source: TradingView Should this be the case amid a lack of buying pressure, MOTHER’s price could extend its losses and hit $0.064. But if the slight uptick turns out to be a significant breakout, the prediction might be invalidated. In that case, the meme coin might jump to $0.13.
Dogs (DOGS)DOGS, the token associated with the Telegram messaging app and The Open Network (TON), is another meme coin affected by the wider market decline. This week, DOGS’ price has fallen by 21%.
A look at the meme coin’s 4-hour chart reveals that it might soon recover. Two indicators supporting this bias are the Chaikin Money Flow (CFM) and the Money Flow Index (MFI).
Both the MFI and CMF show the level of buying and selling pressure in the market. When the rating decreases, selling pressure is dominant. However, for DOGS, the MFI and CMF readings have increased, suggesting that traders are buying the dip.
Dogs 4-Hour Price Analysis. Source: TradingView If this continues, DOGS’ price could jump higher than $0.067, moving toward $0.084. On the other hand, this forecast might be invalidated if buying pressure reduces and the meme coin fails to break out of the descending triangle.
Brett (BRETT)Last on this list is BRETT, the high-ranking meme coin built on Coinbase L2 Base. Currently, BRETT’s price is $0.081, down 59% from its all-time high. This week, BRETT’s price decreased by 18.30%, hitting $0.078.
According to the 4-hour chart, BRETT’s decline was further accelerated by the formation of a head-and-shoulders pattern. This pattern is bullish-to-bearish and ensures the continuation of a downtrend.
Even though the token has seen a slight upswing, the Awesome Oscillator (AO) and Relative Strength Index (RSI) show that it is not yet out of the woods. The RSI and AO both measure momentum, and failure to rise above the signal line could lead the price further down to $0.070.
Read more: 7 Best Base Chain Meme Coins to Watch in October 2024
Brett 4-Hour Price Analysis. Source: TradingView Meanwhile, if the technical indicator continues to climb, this prediction might be invalidated. In that scenario, BRETT’s price could move to $0.091.
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Strategy (formerly MicroStrategy) currently owns an astounding 538,200 Bitcoin after it added a massive 379,800 $BTC in just the last six months.
On average, the company has been acquiring 2,087 $BTC per day – a rate that far exceeds the current daily production rate of 450 $BTC, which comes to 13,500 $BTC per month.
In effect, Strategy has been buying more than 4.5 times the amount of Bitcoin being mined daily. If Strategy continues its pace of BTC acquisition, it can create a Bitcoin supply crunch, where demand vastly outweighs the available supply. The natural consequence? Much higher Bitcoin prices.
Keep reading to find out how institutional Bitcoin accumulation could reshape the market and why now might be a great opportunity to invest in the best altcoins to buy to benefit from this shift.
Institutional Buying May Transform Bitcoin Into a Luxury Commodity By amassing such as dominant Bitcoin position, Strategy is moving toward a position where it could influence broader market trends. If institutions like Strategy control a sizable portion of Bitcoin’s fixed 21M supply, the asset may become a luxury in the future.
In this environment, the $BTC cost of capital may no longer be driven by free market forces, but be increasingly shaped by the lending policies of major holders.
Although this goes against Bitcoin’s decentralization ethos, it’s undeniably bullish for its price.
Borrowing Bitcoin will become a luxury business reserved for nation-states and corporate whales, and Strategy will control the bottleneck. – Adam Livingston, a $BTC analyst
Reinforcing this trend, more institutions are moving towards a Bitcoin corporate treasury plan. Blockstream CEO Adam Back even suggests this shift could eventually push Bitcoin’s market cap to $200T.
Today, cash still dominates corporate reserves. However, first-movers like Strategy and BlackRock are breaking from tradition, replacing cash with Bitcoin, which is expected to be the currency of the future.
Addressing Concerns: Why Institutional Ownership Doesn’t Threaten Bitcoin Some critics warn that Strategy’s debt-funded Bitcoin buying could be risky. However, experts like Saifedean Ammous have said that institutional Bitcoin concentration does not threaten the currency’s protocol.
Even if institutions control over 50% of the supply, they have no incentive to manipulate the protocol. Forking Bitcoin to create more coins would only devalue their holdings, leading to large losses. Bitcoin’s hard-capped supply remains fundamentally secure, and so does the long-term bullish case.
If accumulation trends continue, Bitcoin’s scarcity could trigger explosive market movements. Smart investors are positioning now. Below, we highlight three of the best altcoins to buy that could surge alongside Bitcoin during a potential supply crunch.
1. BTC Bull Token ($BTCBULL) – One of the Best Altcoins to Buy in 2025 BTC Bull Token ($BTCBULL) is easily the best Bitcoin-centric altcoin on the market right now.
Designed to follow the king cryptocurrency’s coattails, it’s the first-ever and only crypto to offer free Bitcoin to its token holders. All you have to do is store your $BTCBULL tokens in Best Wallet.
These $BTC airdrops will occur every time Bitcoin reaches a new milestone, such as $150K, $200K, and $250K. As you can see, by doing so, BTC Bull Token has directly tied itself to Bitcoin’s growth.
What’s more, the developers have also planned to shave off a part of the total token supply every time Bitcoin’s price increases by $25K.
The first token burn event will take place when $BTC reaches $125K – then at $150K, $175K, $200K, and so on.
Thanks to its unique prospect and a chunky $5M presale purse so far, our BTC Bull Token price prediction suggests that the token could jump nearly 400% and reach $0.0096 by the end of 2026.
Don’t miss out on one of the best cryptos to invest in now and buy $BTCBULL for just $0.002485 per token. Here’s a guide on how to buy it.
2. MIND of Pepe ($MIND) – Best AI Crypto to Benefit from a Bull Run A Bitcoin rally is highly likely to pull the entire crypto market along with it. With rising crypto prices across the board, it’d be the perfect time to be a crypto trader and investor. However, for the vast majority of us, finding high-potential tokens before they’ve taken off is an uphill task.
That’s why you’re better off using MIND of Pepe ($MIND), an autonomous AI agent coin offering crypto investment advice.
$MIND works by interacting with the crypto audience on decentralized applications and online platforms like X. It patiently listens to everyone’s opinion on crypto, punches every piece of unique data into its AI-powered hive-mind intelligence system, and finally identifies the next cryptos to explode.
In addition to receiving $MIND’s exclusive real-time insights, token holders will also get priority access to the tokens created by this AI agent, which, by the way, will launch on May 10.
Over $8.4M in presale funding so far is proof that investors believe in AI’s newfound ability to analyze social sentiment trends, which the crypto market heavily relies on for explosive moves.
If you buy $MIND today, you’ll have to spend just $0.0037465 per token.
3. Mother Iggy ($MOTHER) – Hot New Meme Coin Still in Its Early Days Mother Iggy launched towards the end of March and was more or less flat for the first three weeks.
It sprung to new life in the last week or so and has since then jumped over nearly 250%. It’s currently the top-trending crypto in the entire market.
As the name suggests, $MOTHER is based on the ultra-famous rapper Iggy Azalea, who is renowned for songs like Fancy, Work, and Money Come.
Like $TRUMP and $MELANIA, $MOTHER, too, might not have a whole lot of fundamentals supporting it. But that is how it can be with meme coins backed by a celebrity.
They enjoy massive hype and trading volume on account of the celebrity’s popularity. This ultimately leads to violent upmoves, i.e., if the token is lucky enough to be successful. $MOTHER is.
Currently trading at just $0.01982, $MOTHER might just as well be in the early stages of a huge rally. With expectations for another $BROCCOLI-like run, it could be one of the best low cap coins to buy now.
Bottom Line With Bitcoin poised to reclaim its all-time high and potentially rise further, the time is admittedly ripe to invest in some new cryptocurrencies like BTC Bull Token that could rise alongside $BTC.
However, bear in mind that the crypto market is volatile and guarantees no returns.
Finally, none of the above is a substitute for financial advice. We urge our readers to do their own research before investing.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rapper Iggy Azalea is facing a class-action lawsuit in the US, accusing her of misleading investors about the real-world utility and future development of her Solana-based memecoin Mother Iggy (MOTHER).
The complaint filed by plaintiff Kenneth Kolbrak in a Manhattan federal court on Monday claimed Azalea, whose real name is Amethyst Amelia Kelly, made representations about the token having real-world utility, commercial integrations and continuing development that never materialized.
“Those representations were limited, incomplete, contradicted, temporary, or not delivered in a durable way,” the complaint said. “The terms and effects of the market support arrangements were never disclosed to consumers.”
Azalea’s MOTHER was one of the buzzier tokens launched amid a frenzy of celebrity-tied memecoins in 2024. The token was launched in May 2024 and reached a peak market value of over $136 million by mid-June. Its market capitalization is now sitting at $1.3 million, according to CoinGecko.
Unlike other celebrities who launched memecoins, Azalea has remained involved with the token, interacting with supporters on social media and promoting it on X.
Kolbrak, the lead plaintiff, claimed he lost “several hundred dollars” investing in MOTHER, which the lawsuit said he would not have done, or would have paid less for, if not for Azalea’s promotions.
According to the complaint, Azalea promoted the token as “the native currency of an expanding ecosystem of real businesses controlled or co-founded by Azalea, including a telecommunications company, an online casino, a luxury gifting marketplace, a merchandise store, and entertainment integrations.”
Source: Burwick Law
The lawsuit claimed that Azalea promoted the online casino MOTHERLAND, which was marketed as being “powered by $MOTHER,” but when it launched in January 2025, the platform used Tether (USDt) for its “wagering, bonus accounting, and settlement.”
The complaint also claimed that Azalea said MOTHER could be used to buy phones and mobile plans through the provider Unreal Mobile, however, “no durable, publicly observable MOTHER payment integration exists on the Unreal Mobile platform” as of the filing of the lawsuit.
It further accuses Azalea of not telling tokenholders about the terms or risks involved when crypto market makers Wintermute and DWF Labs were brought on to manage MOTHER’s trading.
The lawsuit seeks damages for MOTHER buyers who lost money, along with attorney fees and costs.
The class is represented by Max Burwick of Burwick Law, who has helped launch multiple class-action lawsuits against crypto projects.
Information on Azalea’s lawyers was not available at the time of writing. Azalea and her management could not be reached for comment.
Magazine: Meet lawyer Max Burwick — ‘The ambulance chaser of crypto’
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The memecoin project Mother Iggy (MOTHER), launched by Iggy Azalea, has managed to surpass the Daddy Tate (DADDY) project, launched by Andrew Tate, in terms of market value. This week, MOTHER quickly recovered, gaining over 35% in value, while DADDY fell behind, losing 20% amid market volatility.
What’s Happening in the Solana Ecosystem?According to DEX Screener data, DADDY’s market value is currently notable at $69.7 million. On the other hand, MOTHER has a slight advantage with a valuation of $75.7 million. Despite fierce competition, MOTHER has shown remarkable resilience and recovery, in sharp contrast to DADDY’s decline.
Initially, DADDY surpassed MOTHER in market valuation due to the excitement following its launch, but recent trends have reversed this situation. Andrew Tate, known for his controversial statements, had previously shared his reasons for supporting DADDY:
“I heard about a token called MOTHER, so now I’m supporting a token called DADDY in the name of patriarchy.”
Currently, DADDY has 41,930 asset holders, surpassing MOTHER’s 27,056 wallets. Tate hinted at a possible surprise that could lead to a significant token burn if DADDY reaches 50,000 token holders, sparking curiosity among his followers.
Details of the CompetitionWith all these developments, both celebrities are integrating their memecoin projects into a broader process. On June 10, Iggy Azalea announced that the telecommunications company Unreal Mobile would accept MOTHER and Solana (SOL) for purchasing phones and monthly cell phone plans. This move is supported by a partnership with Sphere Labs, aiming to include cryptocurrency in daily transactions.
Simultaneously, Andrew Tate is exploring the benefits of converting DADDY into a non-fungible token (NFT) to significantly reduce its supply. He plans to do this along with a burn system on the asset.
Additionally, Tate plans to integrate Real World University for DADDY, offering exclusive access and potential staking rewards to token holders. This approach aims to create daily cryptocurrency rewards for university members and further enhance the token’s appeal.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
