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Ronaldo Meme Coin launch rumors trigger $143M rug pull

Investors burned as fake CR7 tokens collapse within minutes amid influencer-driven hypeL

by Moses Edozie
4 hours ago
in Crypto News
Reading Time: 3 mins read
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Ronaldo Meme Coin launch rumors trigger $143M rug pull

Ronaldo Meme Coin launch rumors trigger $143M rug pull

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Over the weekend, Cristiano Ronaldo meme coin rumors spread rapidly across online crypto communities, igniting speculation that the football star was preparing to launch an official token. The speculation proved costly. Within hours, a flurry of fake tokens branded with Ronaldo’s name emerged, the largest of which briefly surged to a $143 million market capitalization before collapsing 98% in just 15 minutes.

The frenzy was fueled by influencers across X (formerly Twitter) and Telegram, who promoted the so-called CR7 token — a reference to Ronaldo’s nickname. But as quickly as the promotions appeared, many were deleted, leaving investors questioning whether they had fallen victim to a coordinated scheme.

On-chain analysts warn of organized manipulation

On-chain analysis firm Bubblemaps suggested the episode was not a random event but a deliberate strategy executed by a group of influencers. “It is likely that after Kanye West launched YZY, some influencers jumped onto the wave and claimed Cristiano Ronaldo would launch a token too, using their accounts,” said pseudonymous Bubblemaps researcher 0xToolman in a statement to Decrypt. “Then they launched an unendorsed token and posted the contract address, luring investors in, only to rug pull shortly after.”

According to Bubblemaps, the price collapse was triggered by a rapid series of wallet sales, with multiple addresses linked to influencers offloading holdings at once. DEX Screener data confirmed that the token peaked at $143.18 million in just six minutes before plummeting to near-worthless levels in the next nine minutes.

One investor shared evidence of the fallout, posting that a purchase of nearly $10,000 in the fake CR7 coin had been reduced to just $1 in value.

Source: DexScreener

Ronaldo’s actual crypto ties remain limited to NFTs

While Cristiano Ronaldo meme coin rumors gained traction, no credible sources have linked the football star to any crypto token launch. Ronaldo has maintained an official partnership with Binance since 2022, which has included the release of four NFT collections. However, neither Binance nor Ronaldo has announced plans for a token.

The fake CR7 coins mostly appeared on the Solana blockchain, where at least five separate meme coins attempted to capitalize on the rumors. None, aside from the influencer-backed version, gained significant traction, with most failing to surpass a $1 million market capitalization.

“There is no evidence Cristiano Ronaldo is involved in any cryptocurrency beyond his NFT partnership,” said a Binance spokesperson in an earlier statement regarding the athlete’s Web3 activities. “We urge users to exercise caution and verify information before making financial decisions.”

Wider trend of celebrity-inspired tokens

The Cristiano Ronaldo meme coin rumors echo a broader pattern of speculation surrounding celebrities and crypto projects. Earlier this year, Ye — formerly known as Kanye West — officially launched the YZY token after months of rumors. The token initially surged to a $411 million valuation but quickly shed 74% of its value within 24 hours.

The speed and scale of both YZY’s rise and the CR7 rug pull highlight the risks facing retail investors in the meme coin sector. “Subsidizing crypto mining risks distorting energy markets, and speculative token launches distort investor confidence,” said an IMF spokesperson in a separate market stability note. While not specifically referencing Ronaldo, the IMF has repeatedly warned about the destabilizing effects of unregulated meme coins.

For some investors, the Cristiano Ronaldo meme coin rumors were a painful lesson in the dangers of hype-driven markets. “Yo WTF is going on? Are we still alive?” one user wrote in a Telegram group for a failed CR7 token. Another replied: “They emotionally harvested us for six months. Bye.”

Investor caution urged amid meme coin speculation

Despite the recurring hype, analysts emphasize that celebrity-linked meme coins often benefit promoters more than retail participants. With Cristiano Ronaldo meme coin rumors now debunked, industry observers warn that similar speculative frenzies are likely to reappear around other public figures.

“There will always be opportunists looking to exploit big names,” said 0xToolman of Bubblemaps. “The best defense is education and skepticism.”

For now, Ronaldo’s only confirmed digital asset activity remains his NFT collaboration with Binance. Until further notice, any Cristiano Ronaldo meme coin rumors should be treated with caution — especially by investors tempted by the promise of quick profits.

Tags: Binance NFT partnershipBubblemaps analysisCR7 tokenCristiano Ronaldo Meme Coin Rumorscrypto fraud riskscrypto investor warningcrypto rug pullcryptocurrency market crashdigital asset rumorsfake meme coinsinfluencer crypto scamsKanye West cryptomeme coin speculationSolana tokensYZY token
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Moses Edozie

Moses Edozie

Moses Edozie is a writer and storyteller with a deep interest in cryptocurrency, blockchain innovation, and Web3 culture. Passionate about DeFi, NFTs, and the societal impact of decentralized systems, he creates clear, engaging narratives that connect complex technologies to everyday life.

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