Hulk Hogan denies memecoin shilling posts on X — ‘not from me’
- Hulk Hogan's Involvement in Solana Memecoin HULKAMANIA: Hulk Hogan denies responsibility for posts promoting the Solana memecoin HULKAMANIA, which surged and then plummeted within hours.
- Post Removal and Market Performance: Hogan's posts were deleted, but the token reached a peak market cap of $18.8 million before dropping to $2 million shortly after launch.
- Wallet Activity and Alleged Hack: Five wallets purchased 15% of the HULK supply before Hogan's account shared the token, with unrealized gains of $200,000 sold.
- Celebrity Memecoins and Criticism: Vitalik Buterin criticizes celebrity memecoins as B-list celebrities like Caitlyn Jenner, Iggy Azalea, and Rich the Kid launch and endorse Solana-based tokens.
- Token Performance: Tokens launched by celebrities have mostly tanked, except for Iggy Azalea's MOTHER, which recently hit an all-time high due to her commitment to improving the token.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000059 | 0.00000889 | 0.0000115 | 0.0000144 | 0.000017 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000889 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000166 | 0.0000179 | 0.00002 |
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