May 2024–2026
Launch of MOTHER memecoin, insider-trading concerns and 2026 class action
Azalea launches the MOTHER token on Solana in May 2024 and gradually announces commercial uses, including for telephones and subscriptions. The project raises questions about celebrity coins, allegations of insider activity and significant volatility. In May 2026, a federal class action is filed in New York alleging, among other things, misleading representations about the token's utility and undisclosed insider allocations.
- State of the evidence
- Documented
- Attribution
- Directly implicated
Sources · 3
- [1]
- [2]CoinDeskIggy Azalea on Memes, OnlyFans, and Her Plans to Make MOTHER a SuccessInterviewHigh reliability
- [3]
Last verified: 17 September 2026
