Instagram/Iggy Azalea Celebrity Iggy Azalea faces a federal class-action lawsuit over her Solana meme coin MOTHER, accused of misleading investors with unfulfilled promises of real-world ut... May 7, 2026 AceShowbiz - Iggy Azalea is currently the subject of a federal class-action lawsuit involving her Solana-based meme cryptocurrency, MOTHER. According to court documents reported by Burwick Law, investor Kenneth Kolbrak alleges that he and other purchasers were misled into buying the token based on promises of its "real-world utility" that ultimately did not come to fruition.