Iggy Azalea Intensifies Clash With Ethereum Co-Founder Vitalik Buterin After He Slammed Meme Coins Like MOTHER

Updated: 10 June 2024

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Australian rapper Iggy Azalea has escalated her clash with Vitalik Buterin, questioning what the Ethereum co-founder does with gas fees users pay to transact on the network.

This comes after Buterin last week criticized celebrity tokens like Azalea’s newly-launched MOTHER token for their lack of utility and absence of a greater-good purpose.

“I’m not mad at this man’s opinion,” she said in a recent interview. “Whatever. I question what you are doing with gas money. It’s so rich of you to have an opinion on charities and hospitals, whatever, but let’s talk about the gas fees.”

Iggy Azalea Hit By Backlash For Misunderstanding Ethereum Gas Fees

Azalea’s remarks were ridiculed by the crypto community after a post of the interview went viral on X. The majority of the backlash came from Ethereum enthusiasts who seemed to be stunned by the rapper’s misunderstanding of the role gas fees play in securing the Ethereum blockchain.

On the other hand, some saw her knowledge gap as an indication of a broader marketing challenge for the crypto space.

“Iggy thinking Vitalik takes the fees represents the marketing challenge all of crypto has,“ Cinneamhain Ventures partner Adam Cochran said.

Iggy thinking Vitalik takes the fees, represents the marketing challenge all of crypto has.

It’s also why I think L2s are the only way it reaches mass consumer adoption.

Just like most consumers don’t understand the internet, and rely on their ISP managing connectivity.

L2s…

— Adam Cochran (adamscochran.eth) (@adamscochran) June 8, 2024

MOTHER Continues To Climb

Despite the criticism from Buterin and the backlash from many in the crypto community, MOTHER continues to print gains, soaring 24% in the past day. The Mother Iggy coin on the Solana blockchain has skyrocketed 848% since its launch late last month.

The performance of MOTHER helped the market cap of Solana meme coins surge almost 3% in the past 24 hours to $8.8 billion, according to CoinGecko. Solana presales are also soaring, with the red hot Sealana (SEAL) ICO having raised more than $3 million. It is now offering investors a last chance to buy.