Johann Wilfred
- Former Florida WWE wrestler Hulk Hogan passed away on Thursday at the age of 71
- Multiple Hulk Hogan-inspired meme coins have entered the market after the famous WWE wrestler’s passing
- While most of the coins have lost value, only one has managed to gain 94.9% within an hour of its debut
Former Florida WWE wrestler Hulk Hogan passed away on Thursday at the age of 71, an X post by WWE’s official account notified the community on July 24.
The legendary wrestler reportedly suffered cardiac arrest at his Clearwater residence in Florida, US.
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Following the news the hype it is expected to stir, multiple Hogan-inspired meme coins flooded the market, a search query on CoinMarketCap indicated.
While most of the coins have lost value almost instantly after launch, one has managed to gain 94.9 percent within an hour of its debut, data by the DexScan section of the platform showed. DexScan is a screening tool on CoinMarketCap that tracks all decentralized trading activity across various blockchains and decentralized exchanges.
Source: Coinmarketcap.com
In 2024, Hogan’s social media accounts made multiple posts promoting a Solana-based meme coin called the HULK token. Hogan promptly deleted all of these posts soon after, creating a huge loss for the value of the token.
“Please do not take notice of any posts posted today,” Hogan said on Instagram at the time.
Following the news of his demise, this token also registered a major price rally.
Hogan was known for being a star wrestler in WWE’s lineup when the organization was still in its foundational years. Some of his most popular matches were against Andre the Giant, The Rock, and Randy Savage.
He first joined WWF—now known as WWE—in 1979. After taking a break from the ring in 1981, Hogan rejoined the organization in 1983, emerging as the preferred showman for WrestleMania events during the 80s. Hogan was known for leaving and joining WWE multiple times, transitioning towards making guest appearances towards the end of his career.
He was inducted into the WWE Hall of Fame in 2005.
