Pop star and new crypto enthusiast Iggy Azalea has stated that she will “burn” her own coins whenever a celebrity coin is exposed as a scam, a “rug pull.”
She claims her goal is to build trust and integrity in the crypto community to want to distinguish herself from other controversial celebrity coins.
“Every time they start rugging, I just want to burn some of mine because I’m a celebrity in the space, and I know I’m going to get hated on for being here. So I’m just going to burn some every time someone comes that’s a celebrity and it’s looking like it’s clearly a rug. I’m just gonna burn.”
Azalea stated in an X Space talk on May 30.
— $MOTHER (@MOTHERprovides) May 30, 2024
Azalea also discussed her entry into the crypto space, stating that it was motivated by her partner’s interest in technology and the appealing culture of memecoins.
“I think it’s awesome to aim for something positive,”
Azalea stated during the X Space.
The artist also mentioned her plans to keep her coin’s value stable by securing a market maker soon. Meanwhile, Azalea’s newly launched memecoin on Solana, Mother Iggy (MOTHER), has been accused of insider trading. Blockchain analytics platform Bubblemaps claimed insiders acquired over 20% of the token’s supply at launch before Azalea promoted it, already dumping $2 million worth of tokens before the allegations came to light.
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Azalea has yet to get a formal response to the allegations, as of press time. However, the meme coin’s official X account posted that more than 2 million tokens have been burned.
Every time they rug… we burn 🔥https://t.co/abxSx8jCtN
— $MOTHER (@MOTHERprovides) May 30, 2024
$MOTHER’s Utility claims became a major issue
Azalea’s attempts to give MOTHER additional use cases became central to the project’s later development. MOTHER was promoted as part of the ecosystem connected to businesses and products associated with Azalea. Motherland was presented as a platform where MOTHER could be used, while Unreal Mobile was promoted as another potential use case for the token.
In May 2026, investors filed a class-action lawsuit in the U.S. District Court for the Southern District of New York, alleging that Azalea misled buyers about MOTHER’s utility, commercial integrations and continued development. The complaint argues that several of the promised or promoted integrations did not materialize in the way investors were led to expect.
According to the complaint, Motherland used USDT for transactions rather than MOTHER, while the alleged MOTHER payment integration with Unreal Mobile did not develop into a durable feature.
MOTHER’s market performance has also changed dramatically since its 2024 launch, with the token falling by more than 99% from its peak, according to reporting surrounding the 2026 lawsuit. CoinMarketCap data currently puts MOTHER’s market capitalization at under $1 million, with the token trading at roughly $0.001.
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