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This Week on Crypto Twitter: Iggy Azalea and Andrew Tate Duel in Meme Coin Battle – Decrypt

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Illustration by Mitchell Preffer for Decrypt

The current craze surrounding celebrities and meme cash shifted into excessive gear this week, with a seize bag of influencers and well-known musicians apparently leaping on the crypto bandwagon. 

On Monday, Ariana Grande shared a meme that impressed the Solana token Michi on her Instagram story, sending the coin’s holders into elation. 

As soon as crypto influencer Ansem shared the weird incidence on Twitter, MICHI jumped 18%—earlier than crashing 37% over the times that adopted. 

Issues escalated on Tuesday when on-line influencer and self-proclaimed misogynist Andrew Tate launched a DADDY meme coin to assist “the patriarchy” in its battle towards Iggy Azalea’s MOTHER Solana token. (Tate is at present awaiting trial in Romania on human trafficking and rape prices.)

MOTHER, a breakout success, eclipsed a $200 million market capitalization this week. On Wednesday, Azalea visited the ground of the New York Inventory Trade to advertise (shill?) the coin. 

That very same day, although, Tate’s man-centric token flipped MOTHER, peaking at an absurd $340 million market cap. Unsurprisingly, Tate took the chance to brag. 

DADDY did not make it to Father’s Day with out touchdown in scorching water, nevertheless. Information surfaced that steered insiders had scooped up 30% of the token’s complete provide earlier than particulars about it had been made public. Tate repeatedly insisted this week that he had dealt with the venture ethically. 

Encapsulating the absurdity of the week, the rapper Lil Pump appeared to tattoo the phrase “Solana” throughout his complete brow on Thursday. 

Certain. Throughout per week when Bitcoin an Ethereum didn’t impress, why not?

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