Crypto Investor Who Netted $920,000 Betting on Iggy Azalea’s $MOTHER Token Builds up New Position

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As a seasoned crypto investor who has just made a fortune of $920,000 from the Iggy Azalea-inspired meme coin, I am now diving headfirst into the world of $RETARDIO. I’ve learned that the key to success in this wild ride is to always keep an eye on the next big thing and never shy away from taking calculated risks.

A cryptocurrency investor who managed to make a whopping $920,000 profit while betting on Iggy Azalea’s $MOTHER meme-inspired cryptocurrency is now betting on a new memecoin $RETARDIO.

A cryptocurrency analyst initially detected activity from an investor in the crypto space, who was observed purchasing large amounts of $RETARDIO over a 14-hour timeframe on the Solana-based decentralized trading platform Jupiter, using the dollar-cost averaging (DCA) method. During this period, the investor spent approximately 7,686 SOL, which is equivalent to around $1.11 million. This activity was first shared on the microblogging platform X, formerly known as Twitter.

Previously, F4Kpk…VHRkB made a profit of $92 million on the platform called Mother. Now, this individual is investing heavily in Retardio, wondering if they can repeat their previous rags-to-riches story.

— Ai 姨 (@ai_9684xtpa) October 13, 2024

As reported by the analyst, the trader invested approximately 708 thousand dollars to purchase tokens, with an average price of fifteen cents per token. The trader has continued to amass these tokens. Market data indicates that during the last seven days, the cryptocurrency reached a high of twenty cents at one point, but it’s currently being traded for $0.158.

As a researcher delving into the world of cryptocurrencies, I’ve come across the $RETARDIO token, which was initially rooted in an offensive term from a now-deleted tweet by Polymarket. However, its significance has since morphed into something more profound. It has become a meme that symbolizes a rebellious and non-conformist spirit, embodying the ethos of individual empowerment and freedom.

This platform has experienced substantial growth primarily driven by the community and boasts its unique NFT collection called “Retardio Cousins.” Notably, the investor’s decision regarding allocation is pertinent due to their previous investment in the Iggy Azalea’s Mother Iggy ($MOTHER) token.

Azalea consistently shares and advocates for the MOTHER token across her social media platforms, leveraging her 8 million followers on X to generate excitement and curiosity through intriguing and thought-provoking posts. This strategy keeps the community actively participating with the token, attracting substantial attention and leading to rapid price growth.

Azalea has connected the MOTHER token with everyday uses, notably re-establishing her telecommunications business. In this setup, customers can buy mobile devices and service plans using either the MOTHER token or Solana (SOL). This move is intended to offer tangible applications for the token, which could increase its worth and allure.

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2024-10-16 00:56