Ronaldinho warns about meme coin scams with his name and hints at a possible launch of his own token, sparking debates in the industry.
Famous Brazilian footballer Ronaldinho has warned users about fake meme coins using his name and hinted at a possible launch of his own meme coin, sparking discussions about another celebrity-themed token.
Celebrity-themed meme coins have become a hot topic in the crypto space, with many associating them with manipulation techniques and scams.
According to a recent post on X, the football legend warned users about meme coins circulating under his name, calling them fake. His post also hinted at 'big news'. This has sparked enthusiasm among fans, but many remain sceptical.
'Hey guys! Watch out for fake meme coins with my name all over them. Remember that I don't have any official tokens yet.... For the whole crypto community: stay tuned because we'll have big news here very soon!"
Hey guys! Keep an eye out for fake memecoins with my name around here. Remembering that I don't have any official tokens yet... 👀 For the entire crypto community: stay tuned because very soon we will have big news here! 🤙🏾
Ronaldinho's post comes amidst the deteriorating state of the current meme coin situation. Investor sentiment is shifting away from these towards altcoins.
However, rug pulls and scams remain the main concerns in this sector. Micheal Van De Poppe, crypto analyst, released a comment on this development:
"I assume the big news is that you bought Bitcoin instead of launching your own meme coin, because you want to protect retail users of cryptocurrencies and you're not interested in the money."
I assume the big news is that you bought Bitcoin instead of launching your own memecoin, because you'd like to protect retail crypto users and are not after money.
Micheal said Ronaldinho should focus on retail investors rather than launching his own cryptocurrency. Another crypto enthusiast urged the footballer to reconsider the decision, suggesting that anyone working with him to launch the token could damage his reputation.
Celebrity themed meme coin influence
This is not the first time a celebrity has entered the crypto space. All of these tokens, according to historical data, have followed a downward trajectory. $TRUMP, $MELANIA, and tokens linked to Andrew Tate and Iggy Azalea have suffered massive losses, with many plummeting 80% from their peak value (ATH).
Like Ronaldinho, Kanye West has hinted at the launch of YZY tokens, but warned of the presence of similar tokens already circulating in the market, which has led to a surge in the value of existing YZY-themed tokens.
Research by Coinwirez revealed that only 15 out of 1.7 million tokens have currently survived the market, with a 97% failure rate. The same research indicated that 76% of celebrity-backed tokens lose 90% of their value, leaving investors struggling.
Paul Atkins, candidate for the chairmanship of the SEC, has been criticised for links to FTX and possible conflicts of interest. Warren accuses him of corruption.
Famous Brazilian footballer Ronaldinho has warned users about fake meme coins using his name and hinted at a possible launch of his own meme coin, sparking discussions about another celebrity-themed token.
Celebrity-themed meme coins have become a hot topic in the crypto space, with many associating them with manipulation techniques and scams.
According to a recent post on X, the football legend warned users about meme coins circulating under his name, calling them fake. His post also hinted at 'big news'. This has sparked enthusiasm among fans, but many remain sceptical.
X
Ronaldinho's post comes amidst the deteriorating state of the current meme coin situation. Investor sentiment is shifting away from these towards altcoins.
However, rug pulls and scams remain the main concerns in this sector. Micheal Van De Poppe, crypto analyst, released a comment on this development:
X
Micheal said Ronaldinho should focus on retail investors rather than launching his own cryptocurrency. Another crypto enthusiast urged the footballer to reconsider the decision, suggesting that anyone working with him to launch the token could damage his reputation.
Celebrity themed meme coin influence
This is not the first time a celebrity has entered the crypto space. All of these tokens, according to historical data, have followed a downward trajectory. $TRUMP, $MELANIA, and tokens linked to Andrew Tate and Iggy Azalea have suffered massive losses, with many plummeting 80% from their peak value (ATH).
Like Ronaldinho, Kanye West has hinted at the launch of YZY tokens, but warned of the presence of similar tokens already circulating in the market, which has led to a surge in the value of existing YZY-themed tokens.
Research by Coinwirez revealed that only 15 out of 1.7 million tokens have currently survived the market, with a 97% failure rate. The same research indicated that 76% of celebrity-backed tokens lose 90% of their value, leaving investors struggling.
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