Azalea criticized Ethereum co-founder Vitalik Buterin and praised Solana during a crypto-themed event in Singapore.
Azalea Criticizes Ethereum, Defends Crypto Party Culture
Iggy Azalea, the famous rapper, recently took to social media to express her discontent with Ethereum co-founder Vitalik Buterin’s performance at the TOKEN2049 conference in Singapore. Azalea’s criticism extended beyond Buterin’s singing, as she called out the general atmosphere of the event and the attendees’ behavior.
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Iggy Azalea Takes a Jab at Vitalik Buterin
The rapper didn’t hold back in her social media posts, calling out the Ethereum co-founder without directly mentioning his name. She described the on-stage performances and discussions at the event as “loser s—.” This comment came after a video of Buterin singing about cryptocurrency went viral.
“Let Loose and Have Fun,” Azalea Says
Azalea defended the party culture in the crypto community, stating that people should be free to have fun and unwind. She criticized those who judged the event, urging them to avoid attending if they didn’t approve of the atmosphere. Her post highlighted her support for those in attendance who embraced the party spirit.
Promoting Her Meme Coin and Casino
Azalea hosted a separate event to promote her meme coin, MOTHER, and her newly launched casino, Motherland. The rapper pointed out that critics would be surprised if they knew who attended her event. She emphasized that prominent figures in the crypto world were present and that the footage circulating online only showed a fraction of the event.
Azalea Favors Solana Over Ethereum
The rapper didn’t stop at criticizing Buterin. She took it a step further by slamming the Ethereum network itself. During a flight, a fellow passenger asked her about ETH, and she advised him to buy Solana instead. She cited Solana’s lower entry price and its better suitability for retail expansion as reasons for her preference.
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Supporting Solana’s Network Strengths
Azalea praised Solana for its ability to handle network congestion effectively. She shared a screenshot of a Google search result stating that Solana generally manages congestion better than Ethereum. Her support for Solana is also linked to her meme coin, Mother Iggy, which is based on the SOL network.
MOTHER Coin’s Rapid Surge
Mother Iggy, Azalea’s meme coin, gained popularity quickly after its launch on May 29, 2024. The coin’s price surged to an all-time high of $0.2406 on June 6, representing a 1400% increase from its initial value of $0.004545. However, it has since dropped by over 70%. Despite this decline, the coin saw a 22% surge in the last 24 hours amid the buzz around Azalea’s social media posts and her event.
Crypto Community Reactions
The crypto community had mixed reactions to Azalea’s statements. Some members criticized her for attacking Buterin and Ethereum, while others defended her right to express her opinions. Even those who didn’t attend the event showed support for Azalea, praising her for standing up against criticism.
Celebrity Memecoins: A Divisive Topic
The controversy between Azalea and Buterin started after Andrew Saunders, chief marketing and growth officer at the Ethereum Virtual Machine blockchain Skale, condemned celebrity involvement in cryptocurrency. Saunders warned investors against investing in celebrity memecoins, stating that they could lead to significant losses.
Buterin’s Views on Celebrity Influence
Buterin himself expressed dissatisfaction with the current trend of celebrity involvement in the crypto industry. He stated on X.com that he was unhappy with “this cycle’s celebrity experimentation.” His remarks seemed to be directed at Azalea’s meme coin, MOTHER, and the overall influence of celebrities in the crypto space.
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Beyond the Crypto Hype: What’s Next?
Despite the drama, Azalea remains committed to her crypto ventures. She continues to promote her meme coin and casino while advocating for the Solana network. Her bold statements and active participation in the crypto community show that she’s not just another celebrity dabbling in digital currencies—she’s here to make her mark.
Disclaimer:
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