July 24, 2024
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Hulk Hogan Denies Meme Coin Shilling Posts On X — ‘Not From Me’

Hulk Hogan Denies Meme Coin Shilling Posts On X — ‘Not From Me’

The former pro wrestler, Hulk Hogan, said the now-deleted X posts promoting a meme coin that dumped within hours of launching weren’t from him.

Retired pro wrestler “Hulk Hogan” claims he wasn’t responsible for multiple “now-deleted” X posts spruiking the Solana meme coin HULKAMANIA (HULK), which pumped then dumped within two hours.

Hulk Instagram Post

 

“Please do not take notice of any posts posted today,” Hogan — real name Terry Gene Bollea — wrote In a June 5 Instagram post. “They are not from me and will be promptly removed.”

The entirety of Hogan’s X posts have been removed, but at the time of writing Google Search’s cache shows Hogan’s X account made several posts promoting a Solana-based token HULK.

“No one can compete with $HULK not even your mother!” one cached post said, seemingly pitting it against rapper Iggy Azalea’s Mother Iggy (MOTHER) meme coin. Another shared a link to the token on DEX Screener.

Further posts shared by Mashable reporter Matt Binder, which Bitcoinworld couldn’t independently verify, show a video of Hogan that is made to seem to refer to the token launch, but Binder notes its a video from December promoting a karaoke night.

HULK reached a peak market capitalization of $18.8 million on June 6, 7:40 pm UTC — just over an hour and a half after it launched.

It then dumped to a market cap of $2 million 20 minutes later, where it has remained since, according to DEX Screener.

A 5-minute time interval of HULK’s market cap in UTC. Source: DEX Screener

Crypto analytics firm Bubblemaps claimed its data shows five wallets purchased 15% of the HULK supply on the meme token launch platform pump.fun before Hogan’s X account shared the token.

The wallets had sold $200,000 worth of $1.5 million in unrealized gains as of around June 6, 8:00 pm UTC, Bubblemaps said.

It’s not clear if Hogan’s account was hacked, and if it was, how it happened. Hogan’s team did not respond to a request for comment.

The claimed hack comes amid a slate of B-list celebrities launching their own crypto tokens.

Reality TV star Caitlyn Jenner along with rappers Iggy Azalea and Rich the Kid launched and endorsed Solana-based tokens last month.

All of them — besides Azalea’s MOTHER — have tanked by over 60%. MOTHER recently hit an all-time high as the Fancy rapper has gained support for vowing to clean up her token.

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