American Wrestling Star Removes Meme Coin Tweet, Price Drops 80 Percent!
The deletion of posts of the meme coin introduced by the legendary name of American Wrestling, Hulk Hogan, on the Solana network caused a sharp drop in price.
According to the post made by Step Finance's social media account Solana Floor on its Twitter account, the token in question lost $15 million in value following allegations that WWE wrestling legend Hulk Hogan's posts promoting the meme coin on the Solana network were deleted.
In its statement, Solana Floor stated that its market value decreased from $17 million to $2 million with the deletion of tweets about the HULK solana meme coin.
Some users on social media shared screenshots of what appeared to be comments promoting the HULK memecoin, allegedly posted by Hogan's account.
The multiple-time WWE champion deleted the content, causing the meme coin to drop by more than 80% in 15 minutes.
While many famous names have recently come to the fore with the issue of meme coins, Vitalik Buterin, one of the co-founders of Ethereum (ETH), made heavy criticism against such meme coins.
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