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Hulk Hogan Warns Followers About Crypto Token, Implies It Has Been Hacked
Just because you see a celebrity posting about a new crypto token, doesn’t mean it will make you money, or that it’s them at all.
This appears to be the result of $HULK, a new crypto memecoin launched Thursday evening promoted by Hulk Hogan’s official X account (formerly Twitter).. The coin increased in value before rapidly collapsing after rumors of a hack began to circulate.
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Within hours, all posts promoting $HULK were deleted, as Mashable’s Matt Binder shared on X.
The tweet may have been deleted
Meanwhile, Hogan took to Instagram to warn followers that the posts did not come from him.
Speed of light mashable
“Please do not pay attention to the posts published today,” reads the message. “They do not originate from me and will be promptly removed.”
Celebrity memecoins have been on the rise recently. The likes of Caitlyn Jenner and Trippie Redd have both recently launched their own tokens, while Iggy Azalea’s $MOTHER token has continued to grow in value as the rapper he posts it constantly on his social media channels.
It’s worth noting that, like much of the cryptocurrency industry, these tokens are incredibly volatile. Many quickly increased in value when they were first posted, only to lose value at an even faster rate when the celebrity in question stops posting or a new token appears and attention shifts elsewhere.