Rapper Iggy Azalea is facing a federal class action lawsuit following the dramatic collapse of her Solana-based meme coin, MOTHER. The lawsuit, filed by Burwick Law in the Southern District of New York, alleges that buyers were misled by promises of real-world utility that did not materialize. MOTHER, which once reached a market cap of $194 million, has plummeted 99.5% from its peak. The complaint, led by Wisconsin resident Kenneth Kolbrak, claims that MOTHER was promoted as more than a speculative asset, with alleged ties to commercial integrations and business use cases. Buyers were reportedly encouraged to hold the token for access to services like Motherland, an online casino, and Unreal Mobile, a telecommunications business co-founded by Azalea. However, plaintiffs argue these integrations failed to deliver tangible utility, leaving them without equity or revenue-sharing rights. The lawsuit highlights the token's rapid rise and fall, noting its initial market success and subsequent collapse to a market cap of $1.2 million. The case challenges the promotional claims made about MOTHER's utility and questions whether they were designed to artificially inflate demand before the token's value plummeted.