Hulk Hogan Memorial Meme Coins Surge 2000% Following Wrestling Icon's Demise
In the wake of Hulk Hogan's passing, the cryptocurrency market has seen a surge in trading activity for Hulk Hogan-themed meme coins. However, it's important to note that these coins are unofficial and carry significant risks.
On Ethereum, a newly launched token called Hulkmanaia (HULK) saw a remarkable rise, surging over 122,000% within eight hours of its creation, reaching a price peak of about $0.001335 and briefly hitting a seven-figure market cap. On Solana, an older meme coin named HULKAMANIA (HULK) saw a 2,000% rally within 24 hours, trading near $0.0006146 with a market cap revived to around $500,000.
Despite these impressive gains, none of the current HULK tokens on Ethereum or Solana are officially affiliated with Hulk Hogan’s estate or brand. Many similar tokens have disappeared as rug pulls or honeypots, signaling high risk in these meme coins.
The dramatic price spikes are fueled mainly by the emotional and nostalgic response to Hulk Hogan’s death, along with social media virality, a pattern common with celebrity-related meme coins.
Meanwhile, Dogecoin, which has been recently on the radar, is showing a strong rally. As of now, the 24h volume is $10.94 B, and analysts remain bullish for the next DOGE stop at $1. The 24h volatility is 8.2%, and its market cap is $33.59 B.
As market conditions can change rapidly, it's crucial to verify information and consult with a professional before making decisions based on this content. It's also essential to remember that this article aims to deliver accurate and timely information but should not be taken as financial or investment advice.
In other news, US President Donald Trump shared a personal message on Truth Social about Hulk Hogan's passing. Trump noted that Hulk Hogan was MAGA all the way and had a huge impact on culture. Trump expressed that Hulk Hogan will be greatly missed.
The Hulkamania meme coin on Solana surged by more than 2000% in the last 24 hours, while the price of the Ethereum-based Hulkmanaia (HULK) peaked at $0.001335. However, the Solana token remains far below its all-time high market cap of $18.8 million.
It's worth noting that the HULK token reached this milestone due to promotional posts on wrestling legend Hulk Hogan’s X account. However, these posts were later deleted, and Hogan denied making them.
In conclusion, while Hulk Hogan-inspired meme coins are experiencing strong speculative rallies, they remain unofficial, highly volatile, and accompanied by significant risks of scams or liquidity loss.
Celebrities' impact on culture extends beyond their respective fields, as demonstrated by the surge in Hulkmanaia (HULK) and HULKAMANIA meme coins on Ethereum and Solana respectively. However, it's essential to exercise caution when investing in these unofficial tokens due to their high volatility and potential for scams. Meanwhile, sports-betting enthusiasts might find interest in the impressive rally of Dogecoin, a cryptocurrency with a current market cap of $33.59 B.
