The Aussie artist launched her own memecoin as she distanced herself from the scandal-tainted project bearing her name.
Australian musician Iggy Azalea's recently launched memecoin surged to a market capitalization of over $28 million on May 29, surpassing a token named after her by Sahil Arora, who has been accused of fraudulent activities.
Azalea distanced herself from Arora for the second consecutive day after Arora posted a screenshot on Telegram. The screenshot appeared to show a text message in which the artist discussed a social media campaign for his new token.
Azalea claims that she has “never even spoken to the guy” who had “one phone conversation” with her manager.
