The market has witnessed a surge in Solana-based memecoins, including the recent launch of several new memecoins. Among these, MOTHER stands out, introduced by the renowned rapper Iggy Azalea. Since its inception in May, MOTHER has garnered substantial investor interest, experiencing a significant price hike following a recent announcement. The coin's value has once again surged, fueled by the revelation that MOTHER holders can now use it to make purchases of phones and monthly cell phone plans from Iggy Azalea's telecommunications company.

Iggy Azalea shared this update on her X account, stating that the telecommunications company she co-founded would be relaunched soon, allowing customers to buy phones and cell plans using MOTHER or Solana (SOL) tokens. The official advertising campaign and launch are scheduled for later this week, promising an exhilarating event.

Following the announcement, the value of MOTHER surged by over 20% in the past 24 hours, with the coin currently trading at $0.187. The market response indicates a positive reception to the news, as evidenced by the coin's upward trajectory.

*Disclaimer: This information is not intended as financial advice.