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CDS Crypto News Breaking Meme Coin News – The Power of Social Media: Famous Wrestler’s Tweets and the Hulk Hogan Memecoin’s Drop

Crypto News

Breaking Meme Coin News – The Power of Social Media: Famous Wrestler’s Tweets and the Hulk Hogan Memecoin’s Drop

lectertodd07/06/20241 Mins read73

Breaking Meme Coin News - The Power of Social Media: Famous Wrestler's Tweets and the Hulk Hogan Memecoin's Drop

Breaking Meme Coin News – How Did Wrestler’s Tweets Affect the Value of Hulk Hogan Memecoin?

Breaking Meme Coin News – The Solana memecoin is said to have lost $15 million in market capitalization on Thursday after WWE wrestling legend Hulk Hogan purportedly removed online advertisements for it, as reported by Step Finance’s Solana Floor social media account.

Table of Contents

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

On X, a few users posted screenshots purporting to comment endorsing the HULK memecoin that Hogan’s account had earlier in the day uploaded.

FAQ

Who is Hulk Hogan?

Terry Gene Bollea is an American retired professional wrestler, better known by his ring name, Hulk Hogan. He is regarded as one of the best professional wrestlers of all time, the most well-known wrestling star in the world, and the most popular wrestler of the 1980s.

Are Memecoins Affected by Social Media?

Widespread distribution and encouragement from online forums and social media sites are frequently necessary for meme coins to succeed. A certain meme coin may draw more investors and see dramatic price increases if it is promoted by well-known figures.

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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.