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Meme coins themed around Hulk Hogan and Ozzy Osbourne have surged in price following the deaths of the two icons this week. Hogan, the wrestling legend whose real name was Terry Bollea, died at the age of 71 on Thursday. Two days earlier Osbourne, the frontman of heavy metal band Black Sabbath, passed away at the age of 76. Opportunistic developers quickly flooded the market with tribute tokens. A Wrapped Ethereum coin called Hulkamania (HULK), launched less than 12 hours ago, soared more than 122,000% at its peak. Hulk Hogan And Ozzy Osbourne Meme Coins Surge Other Hogan-themed Solana tokens, including   RIP HULK HOGAN (HULK HOGAN) and Hulk Hogan (Hulk) , also saw their prices surge. HULK HOGAN and Hulk pumped over 138% and 128%, respectively, according to data from GeckoTerminal. Meanwhile, a token called The Mad Man (OZZY), created in honor of Osbourne, pumped more than 16,800%, reaching a $3.85 million market cap. None of the tokens are connected to the estates of eith...

The number of “buy the dip” mentions on social media platforms has reached its highest level since April after the crypto market cap plunged 6% and meme coins shed more than 9% of their value in the last 24 hours. “With Bitcoin falling as low as $95.5K today, the ratio of crypto discussions that are about buying crypto’s dip has reached its highest level in over 8 months,” said the on-chain analytics firm Santiment in a Dec. 19 X post . “The last time we saw the crowd nearly this enthusiastic about dip buying was the major crash on August 4th. Since that time, Bitcoin’s market cap is +81% higher.” Bitcoin Drags Crypto Market Down After Falling Below $100K Crypto market leader Bitcoin (BTC) dropped below $100K in the last 24 hours, and has since been unable to recover. As of 1:34 a.m. EST, the largest crypto by market cap trades at $96,490.59, which marks a more than 4% price decrease compared to the day before. The pull back in BTC...