Celebrities invaded memecoins: Rug pull from Smackdown wrestler!
Legendary wrestler Hulk Hogan allegedly promoted the Solana memecoin online and then deleted the posts. Legendary wrestler Hulk Hogan allegedly promoted the Solana memecoin online and then deleted the posts.
Step Finance's social media account Solana Floor reported that there was a $15 million decrease in the market value of the token after WWE wrestling legend Hulk Hogan allegedly deleted internet posts promoting the Solana memecoin on Thursday. Legendary wrestler deleted the post, memecoin collapsed
“The HULK Solana memecoin dropped from $17 million to $2 million just minutes after deleting tweets about it,” Solana Floor said. Some users on X shared screenshots of what appeared to be comments promoting the HULK memecoin, allegedly posted by Hogan's account earlier in the day. Block requested comment on the wrestler's official website but did not immediately receive a response.
While memecoins are becoming increasingly easier to launch, the memecoin market has exploded in recent months, with nearly half a million tokens created in the Solana ecosystem in May alone, according to data compiled by The Block Pro. On Wednesday, Ethereum co-founder Vitalik Buterin said he was unhappy with celebrity memecoin experiments. From Coinkolik
