A Solana SOL/USD-based memecoin promoted by Hulk Hogan reportedly suffered a $15 million loss in market cap after the wrestling legend allegedly deleted social posts shilling the cryptocurrency.

What Happened: HULK‘s value plunged from $17 million to a mere $2 million within minutes of Hogan’s supposed deletions, according to a post by a Solana-associated X account Thursday.

Widely-followed journalist Matt Binder posted screenshots, allegedly showing promotional posts by Hogan earlier in the day. In one of the posts, Hogan wrote, “Website hulkhogan.com is #updated with the $HULK info! I’m all jacked up for tonight!”

The posts have been removed as of this writing, and Hogan later…

Read more on Benzinga