• About Us
  • Careers
  • Contact
No Result
View All Result
Tuesday, June 24, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

Iggy Azalea’s Memecoin $MOTHER Faces Insider Trading Allegations

30 May 2024
in News
Reading Time: 3 mins read
114 1
Home News

The newly launched Mother Iggy ($MOTHER) memecoin by rapper Iggy Azalea has been rocked by insider trading allegations just days after its May 28 launch on the Solana blockchain.

Blockchain analytics firm Bubblemaps has called out significant insider trading activity related to the wallet “JEEt”. This insider, identified as “invicible” on Solana-based memecoin marketplace, pump.fun, allegedly received over 127.5 million MOTHER tokens (over 10% of the 1 billion total supply) from the deployer account immediately after launch.

Bubblemaps claimed the insider then dispersed the tokens across seven wallets before selling 89 million coins, about 10% of the supply, on May 29. On-chain data shows the “JEEt” wallet distributed the 127.5 million tokens to multiple wallets, with one wallet selling 20 million MOTHER via the Raydium liquidity pool for a $1.4 million profit. The insider is estimated to still hold around $400,000 in unrealized gains.

The analytics platform claimed insiders acquired over 20% of the supply at launch before Azalea promoted it, already dumping $2 million worth of tokens before the allegations came to light.

Though the investigation is ongoing, the insider trading allegations represent a significant credibility hit for MOTHER and other celebrities launching cryptocurrencies.  

Crypto stakeholders have began to raise concerns about market manipulation and the integrity of celebrity crypto projects. Notably, celebrities like Caitlyn Jenner and Soulja Boy recently announced ventures in the memecoin space. 

Retail and non-crypto investors have been advised to be very cautious and to study the investment thoroughly before putting money into any cryptocurrency investment—especially those promoted by high-profile celebrities.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: $MOTHERIggy. azaleaSolana
Share67Tweet42Share12
Previous Post

PayPal Launches PYUSD on Solana, ‘Confidential Transfers’ Feature Sparks Excitement Among Crypto Enthusiasts

Next Post

Iggy Azalea to Burn Her $MOTHER Memecoins to Build Trust Amid Insider Trading Allegations

Anuoluwapo Obisesan

Anuoluwapo Obisesan

Experienced in crafting clear, user-friendly documentation and compelling news reports. Passionate about technology and delivering impactful content. Collaborative team player dedicated to accuracy and clarity. When not writing, you'll find me hunkering down with a good book.

Related Posts

source: coindoo.com
Crypto

US Federal Reserve Drops ‘Reputational Risk’ from Bank Oversight, Easing Pressure on Crypto Industry

24 June 2025
source: news.bitcoin.com
Bitcoin

Anthony Pompliano’s ProCap to Go Public in $750M SPAC Deal, Eyes $1B Bitcoin Treasury

24 June 2025
source: proactiveinvestors.co.uk
Bitcoin

Panther Metals Unveils Bitcoin Treasury Strategy, Stock Soars 21%

24 June 2025
source: hindustantimes.com
Crypto

Shutdown of Huione Guarantee Spurs Surge in Telegram-Based Darknet Marketplaces

24 June 2025

Featured Posts

Has Web3 Failed to Protect the Core Innovations of Crypto and DeFi?

Has Web3 Failed to Protect the Core Innovations of Crypto and DeFi?

byOlajumoke Oyaleke
15 June 2025
0

Are Green Cryptocurrencies the Future of Blockchain Sustainability?

Are Green Cryptocurrencies the Future of Blockchain Sustainability?

byOlayinka Sodiq
12 June 2025
0

Web3 Gaming’s Scaling Crisis: Why Innovation Alone Isn’t Enough

Web3 Gaming’s Scaling Crisis: Why Innovation Alone Isn’t Enough

byOlayinka Sodiq
10 June 2025
0

What Is Price Slippage in Crypto & How Can You Avoid It

What Is Price Slippage in Crypto & How Can You Avoid It

byOlayinka Sodiq
4 June 2025
0

The Rise of Decentralized Identity Solutions in DeFi

The Rise of Decentralized Identity Solutions in DeFi

byOlayinka Sodiq
20 October 2024
0

Read More

Chain of Thoughts

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Is Tokenization All That It’s Cracked Up To Be?

Is Tokenization All That It’s Cracked Up To Be?

byOlu Omoyele
26 February 2025
0

...

Markets Update

First XRP ETF Approved on Toronto Stock Exchange— Is This a Green Light for XRP ETF Approvals in More Countries?

1 hour ago

Your Weekend Crypto Roundup | June 2025 (Week 3)

4 days ago

Your Weekend Crypto Roundup | June 2025 (Week 2)

2 weeks ago

Your Weekend Crypto Roundup | June 2025 (Week 1)

3 weeks ago

Your Weekend Crypto Roundup | May 2025 (Week 5)

3 weeks ago

Your Weekend Crypto Roundup | May 2025 (Week 4)

1 month ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    WF Holding Ltd announces entry into the digital cryptocurrency field

    bychainwire
    24 June 2025
    0

    R0AR Lists on BitMart: $1R0R Makes CEX Debut

    bychainwire
    23 June 2025
    0

    GAP 3 Partners FZCO Becomes Dubai’s First Regulated Virtual Asset Investment Advisor with Operational License from VARA

    bychainwire
    23 June 2025
    0

    Polemos Launches $PLMS Token On MEXC and Uniswap, Advancing Web3 Gaming Infrastructure

    bychainwire
    23 June 2025
    0

    Meta Earth Network 2.0: Pioneering Web3 Innovation with Rewards and Global Events

    bychainwire
    20 June 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverses
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00