<h4><strong>The retired wrestler <a href="https://www.instagram.com/p/C740UNOOXm9/" target="_blank" rel="noopener noreferrer nofollow">took to Instagram</a> on June 5th to distance himself from the posts.</strong></h4>
<div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn">
 <div class="flex-col gap-1 md:gap-3">
  <div class="flex flex-grow flex-col max-w-full">
   <div class="min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2" dir="auto" data-message-author-role="assistant" data-message-id="55e92d1a-4743-4dcf-936d-afcc91638f1f">
    <div class="flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]">
     <div class="markdown prose w-full break-words dark:prose-invert light">
      <p>He urged followers not to pay attention as they were unauthorized and would be promptly removed. Let’s explore more about this important case from Hulk Hogan.</p>
      <div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn">
       <div class="flex-col gap-1 md:gap-3">
        <div class="flex flex-grow flex-col max-w-full">
         <div class="min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2" dir="auto" data-message-author-role="assistant" data-message-id="55d2da8f-e86f-4e8a-8d4b-77755a14a69f">
          <div class="flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]">
           <div class="markdown prose w-full break-words dark:prose-invert light">
            <h5><strong>Hulk Hogan Denies Involvement in Memecoin Promotion</strong></h5>
           </div>
          </div>
         </div>
        </div>
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
</div>
<div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn">
 <div class="flex-col gap-1 md:gap-3">
  <div class="flex flex-grow flex-col max-w-full">
   <div class="min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2" dir="auto" data-message-author-role="assistant" data-message-id="e5bbd24b-5a82-431c-8091-4f0c28ad47b5">
    <div class="flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]">
     <div class="markdown prose w-full break-words dark:prose-invert light">
      <p>Despite Hogan’s clarification, the Google Search cache reveals that his X account had made three posts promoting the Solana-based token HULK (<a href="https://x.com/HulkHogan/status/1798802773951066479" target="_blank" rel="noopener noreferrer nofollow">1</a>, <a href="https://x.com/HulkHogan/status/1798802945565397100" target="_blank" rel="noopener noreferrer nofollow">2</a>, and <a href="https://x.com/HulkHogan/status/1798800896530194930" target="_blank" rel="noopener noreferrer nofollow">3</a>). The token experienced a rollercoaster ride in terms of market capitalization.</p>
     </div>
    </div>
   </div>
  </div>
 </div>
</div>
<p>Within a mere two hours of its launch, HULK soared to a peak market cap of $18.8 million, only to plummet to $2 million just 20 minutes later, where it has remained since, as reported by <a href="https://dexscreener.com/solana/ctdtsn4ngnhkbngdaehq26n2fwpvqdnuspwsftnrwfyu" target="_blank" rel="noopener noreferrer nofollow">DEX Screener</a>.</p>
<p><img decoding="async" class="wp-image-142481 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/xvcfdggdyjy-292x300.jpg" alt="" width="448" height="460" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/xvcfdggdyjy-292x300.jpg 292w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/xvcfdggdyjy.jpg 390w" sizes="(max-width: 448px) 100vw, 448px"></p>
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/MattBinder/status/1798823681998897321" target="_blank" rel="noopener noreferrer nofollow">X</a></strong></h6>
<p>The sudden surge and subsequent crash of HULK underscore the inherent volatility and speculative nature of the <a href="https://www.altcoinbuzz.io/?s=crypto+market" target="_blank" rel="noopener noreferrer nofollow">crypto market</a>, with investors often vulnerable to the allure of quick gains and the risk of significant losses.</p>
<p>Despite the controversy surrounding Hogan’s alleged involvement in promoting HULK, the incident serves as a cautionary tale for investors to exercise due diligence and skepticism when considering investment opportunities, particularly within the rapidly evolving landscape of meme coins and token launches.</p>
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p>
<div class="youtube-embed" data-video_id="P4Nbswi0vvg"><iframe title="Is BlackRock BUYING UP All These Altcoins?" width="696" height="392" src="https://www.youtube.com/embed/P4Nbswi0vvg?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/hulk-hogan-denies-involvement-in-memecoin-shilling/" rel="noopener noreferrer nofollow">Hulk Hogan Denies Involvement in Memecoin Shilling</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Hulk Hogan Denies Involvement in Memecoin Shilling

Altcoin Buzz

Other articles published on Jun 7, 2024

Bitcoin ETFs Witness 18 Straight Days Of Inflows, Options Traders Eye $100,000

Great Crypto Migration: Investors Pivot to MoonBag Presale Amid Dogwifhat and Floki Inu Incapacities

Top 5 Altcoins To Buy for 10x Gains Ahead of the $4 Trillion Altseason Earthquake

Analyst Highlights TRUMP Coin’s Potential Surge

Best 5 Crypto Presales to Watch in June 2024 for Explosive Surge

Shiba Inu Has No Long-Term Prospects, and Cardano is Trading 80% below 2021 Highs; which SHIB & A...

Join our free newsletter for daily crypto updates!