HULK Cryptocurrency Price Has Dropped Nearly 85% Due to Insider Selling, According to a Recent mail by cryptocurrency analysis firm Lookonchain.
HULK Cryptocurrency Price Has Dropped Nearly 85% Due to Insider Selling, According to a Recent mail by cryptocurrency analysis firm Lookonchain.
One insider managed to make an 812x profit, earning almost a million dollars in hours.
They spent only $1,200 in Solana (SOL) tokens to purchase 190 million HULK tokens. Just three hours into the transaction, the trader dumped all of his newly acquired tokens, causing HULK’s price to crash.
This comes after former professional wrestler Hulk Hogan was busy promoting the celebrity meme coin in now-deleted posts on social network Headlines. due to massive profits.
Alex DovbnyaIn his Instagram post, Hogan denied promoting cryptocurrency and urged his followers not to pay attention to any of his posts. “They are not even mine and they will be eliminated immediately,” said the former professional wrestler.
Even before Hogan’s clarification, it was obvious that something was wrong with the latest celebrity meme coin. A video posted by Hogan intended to promote the token did not mention HULK. In fact, it is an old video from December 2023 that is not even related to crypto.
Gamza KhanzadaevIt’s unclear what happened to Hogan’s social media profile, but it’s possible it was hacked or scammed.
The HULK token is now basically worthless after reaching a market capitalization of nearly $19 million on June 6.
