Friday, June 7, 2024

Hulk Hogan's meme coin experiences a significant drop

Photo by CryptoNewsLand
HULK, the meme currency of legendary wrestler Hulk Hogan, crashed suddenly after his social media campaign. Hogan denied any participation in the collapse, attributing promotional postings to a probable breach. With the occurrence characterized as a rug pull, investors faced large losses. This event reflects a more general trend wherein meme currencies backed by celebrities are under scrutiny for probable scams. Ethereum co-founder Vitalik Buterin has advised investors to treat these projects carefully.


Summary News: Hulk Hogan's meme coin drops

Following his social media campaign, investors incurred significant losses from HULK, Hulk Hogan's meme currency. Hogan denied involvement and claimed a probably violating behavior. Under strict inspection for scams, this event shows a pattern of meme currencies backed by celebrities that calls for caution recommended by Ethereum co-founder Vitalik Buterin.


News URL:
Source: HULK Meme Coin Crashes, WWE Star Hulk Hogan Devastated As HULK Tanks By $17 Million in Hours
Sources: Binance

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