Just a few weeks after the token changed into deployed on Solana, the market cap of MOTHER grew hasty to $148.97 million by June 16, nonetheless since then, the cryptocurrency associated to Azalea has dropped almost 60% to a market cap of $59.9 million at presstime, per CoinGecko.

MOTHER’s decline comes because the whole crypto replace seen an over $100 billion lower in its market cap since MOTHER’s all-time high in the path of June.

No matter MOTHER losing a considerable amount of its market cap, Azalea’s cryptocurrency has performed better than its cohort of well-known individual tokens that rolled out across the identical time.

After an initial jump in impress when these well-known individual tokens first deployed on Solana, tokens associated to mainstream celebrities, particularly American media personality Caitlyn Jenner, Nigerian singer-songwriter Davido, Ohio-born rockstar Trippe Redd, and American hip-hop artist Rich The Child, have plummeted.

Whereas MOTHER has viewed its value lower over the past few weeks, its market cap remains to be greater than the loads of well-known individual money, which each and each and each have a market cap of no extra than $1.5 million.

Read Extra: Celeb Tokens Continue to Bleed With Some Memecoin Merchants Shedding Six-Figures

MOTHER vs. Varied Celeb Tokens

What separates MOTHER from the loads of well-known individual tokens, in section, stems from the coin’s utility, Azalea’s fluency with crypto-native language in most cases in the build of social media memes, and her collaboration with a few high-profile corporations.

No longer supreme can token holders currently spend their MOTHER tokens to create tee shirts from Azalea’s merchandise retailer, nonetheless she also says they will exhaust crypto to discover phones and monthly plans from her telecommunications firm, Unreal Cell.

“Iggy is experimenting with the premise of an on-line shop where merch have to restful be paid the usage of $MOTHER… right here is why it’s a tainted notion to shoot down the whole vertical of celeb money – or any contemporary vertical in crypto for that matter – on fable of of a few tainted actors,” Qiao Wang, the founding partner of AllianceDAO, wrote on X.

Azalea, who will be on X and Telegram, standard capabilities for the crypto neighborhood, repeatedly creates and shares relate material spherical MOTHER memes. “I whine to withhold it horny. I whine to work on my horny weekly & I whine to be a brother/sister of all freaky koalas, wiping out their chlamydia troubles with the energy of my sexiness,” acknowledged Azalea in a put up on X where she shared a “thirst trap,” a colloquial term to describe a promiscuous photo.

“I order to withhold it 100% sharp and alluring, indulging in lifestyles’s delights without hesitation, repeatedly ready to eat the peach & steering sure of ever ‘jeeting’ my correct times away. In $Mom I belief,” she added. “Jeeting” is crypto parlance for selling tokens.

One high-profile firm that is tied to MOTHER contains Wintermute, a prominent algorithmic trading firm that has an onchain portfolio of $166 million and affords liquidity to many exchanges, every decentralized and centralized. On June 19, Azalea announced that MOTHER and Wintermute are “officially besties,” with Wintermute CEO Evgeny Gaevoy responding with a gif that says, “Well, a boy’s most productive friend is his mother.”