Hulk Hogan Solana memecoin appears to lose $15 million in value after wrestler allegedly deletes posts promoting token | Headlines | News | CoinMarketCap
06/07/2024 05:42
After WWE wrestling legend Hulk Hogan allegedly deleted internet posts promoting a Solana memecoin on Thursday, the token reportedly lost …
The Block Crypto News14 minutes ago
Published on June 06, 2024 22:25 GMT+00:00edited on June 06, 2024 22:31 GMT+00:00
After WWE wrestling legend Hulk Hogan allegedly deleted internet posts promoting a Solana memecoin on Thursday, the token reportedly lost $15 million in market cap, according to Step Finance's social media account Solana Floor.
"HULK Solana memecoin plummeted from $17 million to $2 million in just a few minutes after he deleted tweets about the coin," the Solana-focused account posted.
Some users on X shared screenshots that appear to be comments promoting the HULK memecoin allegedly posted by Hogan's account earlier in the day. The Block sent a request for comment to the wrestler's official website but did not immediately receive a reply.
With memecoins becoming increasingly easy to launch, the market for memecoins has exploded in recent months, with …