But there are thousands of such fraudulent coins every week! What are you talking about!!!
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Satter0176
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🚨 RUG PULL SHOCKER! CR7 Meme Coin Flips $143 MILLION into Dust 📉⚽
$MEME The GOAT's Name Tainted by a Massive Crypto Scam!
Rumors, FOMO, and the global pull of Cristiano Ronaldo's brand fueled a frenzy for an unofficial $CR7 meme coin on the Solana blockchain. Within minutes, its market cap briefly soared into the hundreds of millions... only to crash by nearly 100% in a suspected $143 MILLION "rug pull" event!
Here’s the breakdown for your community:
1️⃣ The Hype Train 🚄💨
Ronaldo Rumors: Following the frenzy around other celebrity-linked tokens (like the recent YZY coin), whispers and coordinated shilling campaigns—driven by multiple influencers—suggested a legitimate CR7 token was imminent.
The Lure: Investors, especially those new to crypto and drawn by the global icon's 700M+ followers, FOMO'd hard into the coin named after his famous nickname.
The Platform: The token, often referred to as $CR7 or OFFICIAL CRISTIANO RONALDO, was created on the Solana blockchain.
2️⃣ The SHOCKING Collapse 💸
The Pump: According to blockchain analytics, the coin's market cap briefly hit a staggering figure (some reports cite over $143 million) in record time.
The Pull: Just as quickly, the anonymous creators (or a coordinated group, as suggested by analysts like Bubblemaps) dumped their holdings, draining liquidity from the token. This is the classic "rug pull" maneuver.
The Result: The price of the $CR7 coin plummeted, wiping out the investments of countless unsuspecting degens and fans who bought into the hype.
3️⃣ The Crucial Takeaway for Every Investor 💡
🛑 Ronaldo Had NO Official Involvement
VERIFIED FACT: Cristiano Ronaldo and his management have not announced any official meme coin.
The hype likely leveraged his existing, legitimate partnership with Binance for his NFT collection.
This was a completely UNOFFICIAL scam exploiting his name and brand power.
This incident is a brutal reminder of the Wild West nature of meme coins:
DYOR is Mandatory: Always Do Your Own Research. Verify official announcements directly from the celebrity's official channels.
Liquidity is Key: Extremely low liquidity and unverified developer teams are huge red flags for a potential rug pull.
The Hype is the Risk: The faster a token pumps on pure hype, the harder and faster it can crash.
#MemeWatch2024 #meme板块关注热点
Rumors, FOMO, and the global pull of Cristiano Ronaldo's brand fueled a frenzy for an unofficial $CR7 meme coin on the Solana blockchain. Within minutes, its market cap briefly soared into the hundreds of millions... only to crash by nearly 100% in a suspected $143 MILLION "rug pull" event!
Here’s the breakdown for your community:
1️⃣ The Hype Train 🚄💨
Ronaldo Rumors: Following the frenzy around other celebrity-linked tokens (like the recent YZY coin), whispers and coordinated shilling campaigns—driven by multiple influencers—suggested a legitimate CR7 token was imminent.
The Lure: Investors, especially those new to crypto and drawn by the global icon's 700M+ followers, FOMO'd hard into the coin named after his famous nickname.
The Platform: The token, often referred to as $CR7 or OFFICIAL CRISTIANO RONALDO, was created on the Solana blockchain.
2️⃣ The SHOCKING Collapse 💸
The Pump: According to blockchain analytics, the coin's market cap briefly hit a staggering figure (some reports cite over $143 million) in record time.
The Pull: Just as quickly, the anonymous creators (or a coordinated group, as suggested by analysts like Bubblemaps) dumped their holdings, draining liquidity from the token. This is the classic "rug pull" maneuver.
The Result: The price of the $CR7 coin plummeted, wiping out the investments of countless unsuspecting degens and fans who bought into the hype.
3️⃣ The Crucial Takeaway for Every Investor 💡
🛑 Ronaldo Had NO Official Involvement
VERIFIED FACT: Cristiano Ronaldo and his management have not announced any official meme coin.
The hype likely leveraged his existing, legitimate partnership with Binance for his NFT collection.
This was a completely UNOFFICIAL scam exploiting his name and brand power.
This incident is a brutal reminder of the Wild West nature of meme coins:
DYOR is Mandatory: Always Do Your Own Research. Verify official announcements directly from the celebrity's official channels.
Liquidity is Key: Extremely low liquidity and unverified developer teams are huge red flags for a potential rug pull.
The Hype is the Risk: The faster a token pumps on pure hype, the harder and faster it can crash.
#MemeWatch2024 #meme板块关注热点
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.