- Mother Coin rose 20% after Iggy Azalea launched Thrust platform on Solana blockchain network.
- Bitcoin and Ethereum declined sharply while memecoin sector attracted retail investors seeking alternative digital assets.
- Iggy Azalea’s Mother Coin surged 20% following Thrust platform’s launch on Solana. The development signals renewed interest in celebrity memecoins as Bitcoin and Ethereum face significant declines.
Iggy Azalea’s Mother Coin jumped 25% following the launch of Thrust, a Solana-based platform designed to bring transparency to celebrity-backed tokens.
The development comes as Bitcoin and Ethereum face significant price declines, prompting investors to explore alternative digital assets. With several high-profile token launches planned before year-end, the memecoin sector is attracting renewed attention amid broader market volatility.
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Thrust Platform Introduces Regulated Framework for Celebrity Tokens
Thrust officially debuted at the Blockchain Futurist Conference in Miami on November 5-6. The platform positions itself as a solution to persistent transparency issues in the memecoin market.
It has secured partnerships with Iggy Azalea and content creator N3on. Mother Coin is scheduled to migrate to the new infrastructure by the end of 2025. A token featuring actress Megan Fox is also expected to launch in December.
We are live at Blockchain Futurist Conference! @blockc
Stay tuned to this thread for live updates throughout the day with photos and news, including live tweeting once Iggy hits the stage at 320pm!
The conference is buzzing and $MOTHER is on everyone’s lips! pic.twitter.com/Ki4XwYvzi1
— $MOTHER (@MOTHERprovides) November 5, 2025
The platform has partnered with law firm Croke Fairchild Duarte & Beres to establish legal agreements with creators. This aims to prevent the pump-and-dump schemes that have plagued celebrity token launches throughout 2024.
Thrust’s model emphasizes vetted partnerships and contractual obligations for token creators, in contrast to existing platforms, where accountability mechanisms remain limited.
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Market Dynamics Shift as Major Cryptocurrencies Decline
Bitcoin fell below $105,000, while Ethereum and other major cryptocurrencies also saw sharp corrections. The overall crypto market capitalization declined by $100 billion. Long positions worth $1.14 billion were liquidated amid the Federal Reserve‘s cautious messaging, intensifying risk-off sentiment among institutional investors.
The memecoin sector, however, demonstrated resilience with total market capitalization exceeding $40 billion in 2025. Tokens including Dogecoin, Shiba Inu, and Pepe maintained positions in the top 100 cryptocurrencies by market cap, attracting primarily retail investors in the