Iggy Azalea Hit With Lawsuit Over Memecoin

Rapper Iggy Azalea is facing a class-action lawsuit in the US, accusing her of misleading investors about the real-world utility and future development of her Solana-based memecoin Mother Iggy (MOTHER).

The complaint filed by plaintiff Kenneth Kolbrak in a Manhattan federal court on Monday claimed Azalea, whose real name is Amethyst Amelia Kelly, made representations about the token having…