Hulk Hogan's Social Media Account Hacked to Promote Fraudulent Crypto Token

The wrestling legend disavows involvement as the $HULK memecoin plummets in value, leaving investors at a loss.

Hulk Hogan's social media was used without his consent to promote the $HULK memecoin.
The coin's market cap dropped from $17 million to $2 million within minutes.
Hogan warned followers on Instagram that the posts were not from him and would be removed.
The incident highlights the risks of celebrity-endorsed cryptocurrencies.
Vitalik Buterin and other crypto leaders have criticized the trend of celebrity memecoins.