Tribute or Quick Buck? Ozzy Osbourne and Hulk Hogan Meme Coins Pump and Dump
Main Idea
Meme coins related to celebrities like Ozzy Osbourne and Hulk Hogan have seen significant price surges and volatility, following a trend of speculative tokens created around public figures.
Key Points
1. Solana-based meme coin HULKAMANIA (HULK) surged 4,700% after its debut and currently trades at a 1,300% daily increase.
2. Ozzy The Otter (OZZY), another meme coin, saw a 180% price increase before dropping dramatically hours later.
3. Similar speculative tokens emerged after the death of Queen Elizabeth II in 2022, with names like 'Queen Elizabeth Inu' and 'God Save The Queen.'
4. These meme coins often capitalize on public interest and FOMO, leading to volatile and short-lived price movements.
Description
TL;DR Speculative tokens named after the late celebrities have registered whopping price spikes before heading south. Innovative crypto participants often launch meme coins after notable figures pass away. Such was the case in 2022 when they flooded the market with Queen Elizabeth-themed tokens. More Memes Popping up Earlier this week, the world lost two legends of music and show business: the vocalist of Black Sabbath, Ozzy Osbourne, and the WWE Hall of Famer, Hulk Hogan. While fans across the ...
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