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NBTC News
Home»Altcoins»MOTHER spikes 37% as Pyth Network adds price feed support
Altcoins

MOTHER spikes 37% as Pyth Network adds price feed support

NBTCBy NBTC19/10/2024No Comments2 Mins Read
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Oracle platform Pyth Network now supports Mother Iggy, bringing real-time price feeds to more than 75 blockchains.

Pyth Network (PYTH) announced this on Sept. 26, stating that support for Mother Iggy (MOTHER) comes after “degens demanded it.” MOTHER is a Solana meme coin launched by Australian rapper and songwriter Iggy Azalea.

According to Pyth, support for the meme coin is via the MOTHER/USD price feed.

The first platforms to integrate this feed include Solana-based Drift Protocol, Save (formerly Solend), and asset-backed trading solution Flash.Trade.

As well as Mother Iggy, Pyth Network has outlined support for Sei (SEI)-based decentralized exchange DragonSwap. The platform will power its Prediction Product using Pyth price feeds, offering users real-time pricing data to ensure the predictions market delivers accurate outcomes.

Read more: Sei spikes 25%, breaks key resistance as bulls eye $0.50

MOTHER’s price rises

Integration with the decentralized finance platform’s price feed comes as the meme coin rebounds to reclaim a $100 million market cap. Iggy Azalea has also been at the forefront of championing the project, which she says is more than just a “celeb meme” token.

Recently, MOTHER attracted attention with its plans to launch a crypto casino dubbed ‘Motherland’. Azalea unveiled the platform, which is expected to go live in November, during an event at Solana Breakpoint in Singapore. The MOTHER token will power the casino’s transactions.

MOTHER’s price rose sharply following the Pyth news, jumping more than 37% in the past 24 hours, outpacing other meme coins. Moodeng, Maga, and Daddy Tate were the other top-gaining meme coins among those ranked in the top 500 by market cap.

The Mother Iggy market cap stood at around $133 million at the time of writing, with daily volume spiking 50%.

You might also like: Hamster Kombat in a harsh reversal; market cap drops below Notcoin

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