On the most smartly-liked episode of the Unchained Podcast, Iggy Azalea denied accusations of insider buying and selling and dumping $2 million price of $MOTHER tokens.

The claims emerged on Might perhaps presumably also 29, when blockchain analytics agency Bubblemaps alleged main insider job engaging Iggy’s no longer too long within the past launched memecoin on Solana. Bubblemaps urged that 20% of the provision was purchased off rapidly after launch by “insiders,” ensuing in speculations that Iggy Azalea was keen.

Within the podcast, Azalea addressed these accusations at this time. “I below no conditions dumped $2 million. That was crazy and made me so frustrated,” she acknowledged. Iggy, who says she presently has about 3% of the total supply, outlined that she had meticulously passed thru a vetting direction of with several platforms, including Wintermute and Dex Screener, which gave her project a excessive legitimacy ranking.

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Iggy clarified her space, pointing out she purchased $MOTHER tokens from the free market love all individuals else, when the market capitalization was around $1.2 million (presently at $30.7 million). She struggled with the token’s launch, which experienced an surprising surge in job sooner than she would possibly perhaps presumably perhaps even whine the contract address. “I hadn’t even tweeted out the contract address but, and all individuals was sniping it and going nuts,” she acknowledged.

Earlier than the launch, she acknowledged rumors had leaked that the title was going to be MOTHER. “We had so much of discussion about that, too, of, love, ‘Oh, smartly, would possibly perhaps presumably perhaps aloof we replace it?’” Nonetheless, because the principle that for the token revolved around mothers and she or he had already developed memes around that, she acknowledged, “I felt love I in actuality didn’t are searching to interchange that because that was my principle.”

Addressing the wallets in ask, Iggy acknowledged she had no management or files of who owned them. She emphasized that the job of those wallets induced her main fright as she watched the token’s designate plummet, fearing a ability rug pull, in what she described as “one of many most fright-ridden, scary days of my existence.” Regardless of the turmoil, Iggy stuck with her long-established thought and maintained her space, hoping for the top doubtless. “If it’s taking place, I’m the captain of the ship. I simply private to sink with the Worthy.”

Iggy’s denial comes amid increasing scrutiny of celebrity-counseled tokens, heaps of which were accused of insider buying and selling and failing to ship designate to retail traders. She concluded by expressing reduction that the problematic wallets were no longer keen, as their exit allowed for a more healthy distribution of the token supply.

Learn more: MOTHER Sheds Half of Its Label Since All-Time High Regardless of Iggy Azalea’s Mastery of Crypto Memes