Mother Iggy Price Prediction: MOTHER Plunges 54% Due to Insider Trading Claims for Rapper Iggy Azalea Coin, But This Solana Rival ICO Surpasses $3 Million.

Mother Iggy prices have plummeted 54% in the last 24 hours. Traded for $0.0087 As of 3:50 a.m. EST, trading volume was down 59% to $53 million.

This comes after rapper Iggy Azalea’s meme coin, MOTHER, became embroiled in controversy over allegations of insider trading on May 29.

Account linked to “JEEt3D1”, based on a report from blockchain analytics firm Bubblemaps It is said that about 10% of the total token supply was sold, affecting the market.

We discovered tremendous internal activity in . $MOTHER 🚨

Insiders previously bought 20% of Iggy Azaela’s supply at launch.@IGGYAZALEA) made the announcement and already threw away $2 million.

Thread 🧵 ↓ pic.twitter.com/tQFHt1yZfO

— Bubble Maps (@bubblemaps) May 29, 2024

We estimate that insider activity resulted in net gains of $1.4 million and potentially $400,000 more in unrealized profits.

There are also claims that insiders acquired more than 20% of MOTHER’s supply prior to public launch. All such claims have raised concerns about fair market practices.

After the news broke, the community sold off as MOTHER began trading within a descending wedge pattern. However, bulls may find support around $0.0067. gecko terminal It shows.

Mother Iggy Prices Against Bearish Trend – Bulls Aim to Find Support

MOTHER is trading below its 50-day simple moving average (SMA), supporting a bearish trend.

Moreover, the Relative Strength Index (RSI) has seen a massive sell-off following news of insider activity and is approaching oversold levels, currently trading at 41.

According to Mother Iggy price analysis, MOTHER is currently showing strong bearish momentum with the price falling within a descending wedge pattern.

If the bears apply more pressure and break above the important support near $0.0067, the bulls could pull back towards $0.0050, which would act as a buffer against downward pressure.

However, if the bears use the current support to stage a trend reversal, MOTHER could move higher and cross the upper boundary of the descending wedge as the bulls target $0.040.

As Mother Iggy bulls find their footing, investors are flocking to Sealana (SEAL), a new Solana meme coin pre-sale that has raised over $3 million.

According to CryptoBoy, a cryptocurrency analyst on YouTube, $SEAL has the potential to surge 100x after launch.

Sealana ICO surpasses $3 million. What is the best Solana Meme coin to buy?

SEAL (SEAL) Solana is inspired by a chubby seal that spends endless hours in front of the computer, completely submerged in the ocean, slowly growing in size. The once sleek and nimble character has become so deeply entrenched in the Degen deal that he has abandoned his early youthful selves in favor of a diet of chips and canned tuna.

New Meme Crypto ‘Sealana’ Attracts Whales As Solana Price Recovers
#SolanaMemecoin pic.twitter.com/zqP73U7Mk3

— Tech Story (@TechStoryin) May 5, 2024

Sealana is a ‘Send SOL’ pre-sale with no timers, steps, hard caps or even a white paper. Since the ICO can end at any time, now is the perfect time to buy.

To participate in the pre-sale: Visit the official website to purchase SEAL tokens here.. One $SEAL costs $0.022.

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