After American wrestler Hulk Hogan released a meme coin called HULK, the price of the cryptocurrency plummeted by more than 80%

According to Wu Shuo, Hulk Hogan, an American wrestler who has won WWE championships many times, released a meme coin called HULK on Twitter in the early hours of this morning. However, more than an hour after it went online, Hulk Hogan deleted all Twitter posts and replies, causing HULK to plummet by more than 80% in 15 minutes.

Bubblemaps data shows that before Hulk Hogan posted the post, insiders bought 15% of the supply and exited before the crash, making millions of dollars in profits. Previously, Vitalik expressed dissatisfaction with the current phenomenon of celebrities participating in the issuance of Meme coins on social media.