Celebrity Memecoins: Iggy Azalea And Hulk Hogan Beef Before $17 Million Rug Pull
Celebrity Memecoins Trend:
- Celebrity memecoins became popular in the crypto community, with launches by Caitlyn Jenner, Rich the Kid, Lil Pump, and others.
- Many of these tokens faced controversies and price declines, with some being linked to scams.
- Jenner's JENNER token saw an 81% decrease from its all-time high.
Hulk Hogan's Memecoin Drama:
- Hulk Hogan launched the HULK token, which initially surged but later plummeted after he sold his holdings and deleted posts.
- Hogan engaged in a public feud with Australian rapper Iggy Azalea over their respective tokens.
Vitalik Buterin's Criticism:
- Ethereum's Vitalik Buterin criticized celebrity tokens for lacking purpose beyond quick profits.
- Buterin suggested that such tokens should have a public-good goal to earn respect.
- Rapper Iggy Azalea responded by naming a Koala after Buterin and launching a fund to save infected Koalas.
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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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