tl;dr
Hulk Hogan appeared to launch the HULK token on Solana, but it turned out to be a scam that quickly "rugged" investors. Hogan disclaimed any crypto posts from his Twitter account and his account was emptied, indicating potential hacking or misuse. Despite endorsements and apparent legitimacy, the HU...
Hulk Hogan made headlines by launching the HULK token on Solana, only to have it quickly involved in an apparent crypto scam. Despite initial endorsements and legitimacy, the token's market cap soared to $19 million before plummeting to $3 million, leading to allegations of a rug pull or pump-and-dump scheme.
Concerns rose as Hogan disavowed the token on Instagram and his Twitter account was deleted, hinting at potential hacking or misuse. Traders expressed disappointment, though some nostalgia for the wrestling legend softened the blow.
The situation echoed recent celebrity-led meme coin launches, with some traders feeling swindled and drawing comparisons to a pump-and-dump scene. Hogan's Twitter account had shared numerous posts related to the HULK token, including interactions with other celebrities and apparent video endorsements, which were later revealed to be unrelated footage from a 2023 event.
On-chain data from DexScreener revealed the HULK token's rapid rise to a $19 million market cap before a steep decline, indicating large sell-offs and a drastic drop in trading volume. This turn of events left traders expressing both disillusionment and a sense of betrayal, mingled with fond memories of the wrestling icon.
More about United States Steel Corporation
Company: United States Steel Corporation
Business Segment: Manufacturing - Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Revenue: $8,715,185,000
Profit Margin: 11.2%
Operating Margin: 0.2%
Return on Equity: 3.46%
Current Ratio: 79.23
Debt to Equity: 0.0489
Market Cap: $17,743,000,000
Price to Earnings Ratio (P/E): 39.13
Earnings Per Share (EPS): -0.129
Dividend Yield: -0.069
More about Semler Scientific Inc
Semler Scientific Inc Summary
Semler Scientific, Inc. develops, manufactures, and markets proprietary products that help healthcare providers evaluate and treat patients with chronic conditions in the United States. The company is headquartered in Santa Clara, California.
Industry: LIFE SCIENCES
Sector: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS
Market Cap: 211057000
Current Price: 10.74
Dividend Yield: None
EPS: 2.78
P/E Ratio: 9.72
Beta: 0.329
Volume: 65881000
Relative Volume: 40
Volatility: 0.238
Performance (Week): -0.127