Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ripple Custody and Stablecoin Strategy to Redefine Global Banking

20/10/2025

ETH is trading with a constant Coinbase premium, as whales await accumulation zone

20/10/2025

What Oracle’s Strong Earnings Mean For Crypto Mining Stocks in Q4

20/10/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    ETH is trading with a constant Coinbase premium, as whales await accumulation zone

    20/10/2025

    Robert Kiyosaki on Ethereum: ‘Hot Hot Hot’

    20/10/2025

    Ether’s 7% Plunge Leads Crypto Liquidations in $600M Carnage

    20/10/2025

    How Likely Is a Sub-$4,000 Slide?

    20/10/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    BAYC and CryptoPunks Lead NFT Market in Top Sales over Past 7 Days

    20/10/2025

    OpenSea Says SEA Is Coming Q1 2026

    20/10/2025

    NFT sales spike 6% to $161.7m, Pudgy Penguins sales jump 165%

    19/10/2025

    Here’s When to Expect the SEA Token as OpenSea Trading Volume Spikes

    17/10/2025

    Ripple Custody and Stablecoin Strategy to Redefine Global Banking

    20/10/2025

    ETH is trading with a constant Coinbase premium, as whales await accumulation zone

    20/10/2025

    What Oracle’s Strong Earnings Mean For Crypto Mining Stocks in Q4

    20/10/2025

    Ohio Pushes Crypto Regulation With Bitcoin Payments and State Reserve Fund

    20/10/2025
  • Blockchain

    Ripple Custody and Stablecoin Strategy to Redefine Global Banking

    20/10/2025

    Coinbase’s Base hackathon faces backlash over employee-linked fake projects

    20/10/2025

    Platform for Link Consolidation and Video Viewing Points

    20/10/2025

    XRP Ledger Stays Strong as Major AWS Outage Highlights Internet Fragility

    20/10/2025

    Shibarium and Ethereum Connected Again

    19/10/2025
  • DeFi

    HumidiFi becomes Solana’s largest DEX with $1.1B volume

    20/10/2025

    THORWallet Launches True Cross-Chain Swaps with Sui Blockchain

    20/10/2025

    DeFi Earning Aggregator Turtle Raises $5.5 Million

    20/10/2025

    What Is World Liberty Financial? The Trump Family DeFi Project Explained

    19/10/2025

    Morpho Debuts DeFi Lending Opportunities on Sei Network, Advancing Cross-Chain DeFi Experience

    19/10/2025
  • Metaverse

    Metaverse will revolutionize learning in the same way as Sesame Street

    10/10/2025

    Dogelon Mars Recent Metaverse Updates

    26/09/2025

    ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

    17/09/2025

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025
  • Regulation

    What Oracle’s Strong Earnings Mean For Crypto Mining Stocks in Q4

    20/10/2025

    Crypto treasury stocks fall as markets rout, with some exceptions

    20/10/2025

    Solana ETF Could Spark Major Institutional Inflows, Says Pantera Capital

    20/10/2025

    Societe Generale Selects Bullish Europe to Debut Its USD Stablecoin

    20/10/2025

    East vs West stablecoin cold war emerges in battle for the first trillion dollar stablecoin

    20/10/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Centralized crypto exchanges underreport liquidations: Hyperliquid CEO

    20/10/2025

    Singapore court approves WazirX restructuring plan after $234M hack

    20/10/2025

    Gate Introduces Gate Vault to Strengthen Self-Custody

    20/10/2025

    Four.meme Tops Pump.fun as BNB Chain Takes Lead in Memecoin Launches

    20/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Tough year for blockchain gaming, but there’s a ‘shimmer of hope’

    17/10/2025

    MARBLEX Joins Microsoft to Accelerate AI-Driven Web3 Gaming Advancement

    16/10/2025

    Axie Infinity Introduces New Community Bounties and Expands Axie Quest

    14/10/2025

    ‘Eve Frontier’ Jumps Ship from Ethereum to Sui—Here’s Why

    13/10/2025

    NY Democrats Propose Companion Bill Targeting Proof-of-Work Mining

    20/10/2025

    Bitcoin mining just got easier — but not for long, as hashrate roars back

    20/10/2025

    Are Bitcoin Miners Now Abandoning BTC to Work on Artificial Intelligence? Industry Members Respond

    19/10/2025

    Bitcoin, Energy and the Future of Sustainable Crypto

    19/10/2025

    Ohio Pushes Crypto Regulation With Bitcoin Payments and State Reserve Fund

    20/10/2025

    Colombia Pulls the Plug on Sam Altman’s World Operations Due to Data Laws’ Noncompliance

    20/10/2025

    US Senator Pushes Game-Changing Crypto Bill as Congress Seeks Market Certainty

    20/10/2025

    UK tax authority doubles crypto warning letters in crackdown on unpaid gains

    20/10/2025

    Ripple Custody and Stablecoin Strategy to Redefine Global Banking

    20/10/2025

    ETH is trading with a constant Coinbase premium, as whales await accumulation zone

    20/10/2025

    What Oracle’s Strong Earnings Mean For Crypto Mining Stocks in Q4

    20/10/2025

    Ohio Pushes Crypto Regulation With Bitcoin Payments and State Reserve Fund

    20/10/2025
  • MarketCap
NBTC News
Home»Altcoins»Fake Iggy Azalea Token Buyers Await Refunds as Celeb Handler Sahil Appears to Cash Out
Altcoins

Fake Iggy Azalea Token Buyers Await Refunds as Celeb Handler Sahil Appears to Cash Out

NBTCBy NBTC21/08/2024No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Notorious celebrity crypto promoter Sahil Arora took $380,000 in presale funding for a token he claimed to be Iggy Azalea’s official cryptocurrency. Over a month later, funds have started to leave the wallet but participants still complain they haven’t received any tokens.

“I sent him 5 SOL ($670) from two different wallets and he just kept it,” one presale participant told Decrypt. “I put 3 SOL ($400) into it, never got anything. I’m surprised no one is calling him out for it,” another said.

When asked about the status of the presale funds and why the SOL collected has been moved, Arora told Decrypt that he’s merely “shuffling” his wallets. But some of that SOL, around $100,000 worth, has been moved to centralized exchanges, presumably to be sold. Arora said presale buyers have been “already taken care of” and claims to the contrary mean we’re not “following events” properly.

But presale participants tell a different story.

Prior to Australian rapper Iggy Azalea launching her actual token MOTHER, Arora claimed that she was going to launch a meme coin called IGGY through him.

Sahil had been on a hot streak of launching celebrity tokens with the likes of Caitlyn Jenner and Rich the Kid. So when he asked for presale funds for the soon-to-launch IGGY token, his wallet was quickly filled with $380,000. A token “presale” is a common tactic among meme coin creators, often with disastrous consequences for these early buyers. Every now and then, however, early investors will reap massive returns, hence the FOMO.

Arora launched his IGGY token, which saw limited success, peaking just shy of a $3 million market cap after launching on Pump.fun—the on-chain meme coin factory that makes it easy for anyone to create their own token. Before his token could pump, Azalea denounced Arora and launched her official token MOTHER, which hit a $26 million market cap within 24 hours.

Still, $380,000 sat in the IGGY presale wallet.

Solana bros waiting on their Sahil presale airdrop tokens. pic.twitter.com/xIy7JlcU1H

— Avery Bigweapon (@AveryBigweapon) June 2, 2024

As the meme coin creator pushed public attention onto new ventures, the wallet left the collective crypto consciousness. This is when funds started to move.

On June 8, the wallet sent 663 SOL ($89,800) to a wallet beginning with “8A9jAg,” which then sent a similar amount to Binance, the world’s biggest cryptocurrency exchange. This typically means the crypto will then be sold for a fiat currency, like U.S. dollars. Alongside this move, the presale wallet sent 70 SOL ($9,485) to another wallet (E29zE9), which then sent 93 SOL ($12,500) to Binance.

Over the last month, the presale wallet moved more than 2,296 SOL ($311,000). Some of these funds were moved to different wallets, some to intermediary wallets before being transferred to centralized exchanges, and some Solana was used to launch new tokens on Pump.fun.

And yet, presale participants still haven’t received airdropped IGGY tokens.

“I would like to see him deported from Dubai and jailed lol, but I don’t think it’s very believable,” a presale participant told Decrypt via Twitter DM, reflecting on their lack of airdrop. “No airdrop, no refund,” they emphasized.

Even if Arora decided to at last airdrop the tokens today, IGGY is down nearly 98% since its all-time high, achieved shortly after launch. The official Azalea token MOTHER, on the other hand, is up over 137% over a similar period.

“I want my SOL refunded 100%,” another presale participant said, when questioned if they’d want to be airdropped tokens at this point. “Back then, he still had motion to send coins to a couple hundred thousand, now he’s lost all his rep.”


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

The Sui Ecosystem’s Top 3 Altcoin Performers

29/07/2025

Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

28/07/2025

Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

28/07/2025

$1.6 Billion XRP Surge: Here’s What’s Unfolding

28/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ripple Custody and Stablecoin Strategy to Redefine Global Banking

20/10/2025

ETH is trading with a constant Coinbase premium, as whales await accumulation zone

20/10/2025

What Oracle’s Strong Earnings Mean For Crypto Mining Stocks in Q4

20/10/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.