Iggy Azalea’s MOTHER Token experienced a dramatic surge following the announcement of its real-world utility as the rapper revealed that the token holders could soon purchase mobile phones and monthly cellphone subscription plans igniting quick interest in the memecoin as it surged by over 30% within 24 hours. However, it is down 17.3% in the last 24 hours, trading at $0.155, amid a wider market selloff. Notably, the total trading volume of meme tokens dropped by over 12% to $5.46 million in the last 24 hours.

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