Solana-based meme coin, Mother Iggy (MOTHER), has reclaimed the $100 million market cap, which was last tapped on July 27th.
Mother Iggy’s Comeback
Since then, the MOTHER/SOL pair had dipped lower and consolidated throughout August, until September 8th, when it started surging again. As Solana is touching $152 again, many other previously established meme coins are expected to pump as well.
Support from Arthur Hayes
While Iggy was facing backlash for her Vegas crypto party and her recent comments on Vitalik Buterin and Ethereum, BitMEX co-founder Arthur Hayes tweeted about MOTHER. In one of his recent tweets, Hayes shared that he has doubled down on his MOTHER position and predicted that its market cap could hit a billion dollars. Iggy replied to Arthur’s tweet, stating that he 'has taken the MOTHER pill'.
Solana-Based Meme Coins Surge
The surge in MOTHER’s price coincides with the pump of other Solana-based meme coins. In the last 24 hours, the top SOL-based meme coins, including dogwifhat (WIF), BONK, and POPCAT, were all up by over 20%. The third largest SOL meme coin, POPCAT, also hit a billion-dollar market cap today.
It appears that MOTHER is on its road to recovery, becoming the only meme coin from this cycle that has performed well.
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