Ronaldinho Alerts Fans to Fake Coins, Teases Big News

Ronaldinho, a Brazilian shot legend, has hinted astatine processing his ain cryptocurrency aft a informing to supporters astir fraudulent meme coins misusing his name.

Ronaldinho Alerts Fans, Source: X

In a caller X (Twitter) post, helium told the crypto assemblage to ticker retired for scams and “stay tuned due to the fact that precise soon we volition person large quality here!”

Ronaldinho’s station comes arsenic meme currencies are losing popularity and investors are seeking altcoins with real-world applications. Meme coins stay a cardinal portion of the cryptocurrency manufacture and thin to reflector wide marketplace movements.

Crypto expert Michael van de Poppe criticized the idea, saying Ronaldinho should absorption connected protecting investors alternatively of launching a meme coin. Another idiosyncratic warned that whoever helps him make a token mightiness instrumentality vantage of his reputation, leaving investors astatine risk.

Concerns are valid, arsenic Ronaldinho has antecedently been linked to a crypto scam. There person besides been cases of hackers impersonating nationalist figures to beforehand fraudulent tokens.

Celebrity-backed meme coins person a atrocious way record. Tokens linked to celebrated figures similar Donald Trump, Iggy Azalea, and Andrew Tate person dropped arsenic overmuch arsenic 80% from their highest value. Research shows that 97% of meme coins fail, and astir influencer-promoted tokens suffer astir each their worth wrong 3 months.

Even apical crypto experts are skeptical. Binance’s erstwhile CEO, Changpeng Zhao, has criticized meme coins for lacking existent usage and damaging crypto’s reputation. Some hold that these coins promote risky trading and scams, portion others spot them arsenic portion of crypto culture.

Despite the risks, meme coins are inactive a large portion of the market. The US SEC precocious confirmed they are not considered securities, giving immoderate ineligible clarity. It’s unclear if Ronaldinho volition motorboat his ain token, but his announcement has raised concerns astir whether it volition win oregon neglect similar galore different personage crypto projects.

Also Read: SEC Confirms Meme Coins Are Not Securities Under U.S. Law