😱🫨American Wrestling Star Removes Meme Coin Tweet, Price Drops 80 Percent Hulk Hogan Denied Meme Coin Scandal
According to PANews, retired American wrestler #HulkHogan whose real name is Terry Gene Bollea, has denied any involvement with several deleted posts on the X platform that previously promoted Solana blockchain's meme coin HULKAMANIA (#hulk ). The coin experienced a rapid rise and fall in a short time. On June 5, Hogan posted a statement on Instagram saying: 'Please pay no attention to any posts published today, they are not from me and will be deleted soon.' Although Hogan's posts on the X platform have been removed, Google search cache shows that Hogan's account was once linked to the token promotion.
Hogan's video, shared by a Mashable reporter, was mistakenly linked to the token's launch, but it was actually an old video promoting a karaoke night from last year. According to data from DEX Screener, HULK reached a market cap peak of $18.8 million an hour and a half after its launch on June 7, then quickly dropped to $2 million and maintained that level (the latest data shows $4,100). Cryptocurrency analytics company Bubblemaps reported that five wallets purchased 15% of the HULK supply before Hogan's stake and then sold $200,000 worth of tokens. It's unclear at this time whether Hogan's account was hacked, and his team did not respond to requests for comment. This incident occurred as a number of celebrities launched their own cryptocurrency tokens.
