Controversy Surrounds Hulk Hogan’s Cryptocurrency Endorsement

Hulk Hogan has come under fire for his alleged involvement in a pump and dump scheme concerning a meme coin based on the Solana blockchain. The incident has spotlighted the problematic aspect of celebrity endorsements in cryptocurrency, where influencers may leverage their substantial followings to manipulate market prices for personal gain. This controversy serves as a cautionary tale about the risks associated with celebrity-driven financial promotions, especially in the loosely regulated crypto space. Read more at Decrypt