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- Analysts and fans urged Ronaldinho to prioritize investor protection, citing the poor track record of celebrity-backed tokens.
- Research shows that 97% of meme coins fail, with celebrity-linked tokens like those tied to Donald Trump and Andrew Tate suffering significant losses.
Ronaldinho, the legendary Brazilian football player, has sparked speculation regarding a potential cryptocurrency launch while warning his followers about a potential crypto scam. His latest teaser comes at a time when celebrity meme coins have been hit the hardest after Argentina President Javie Milei’s LIBRA meme coin endorsement, which turned into a potential scam.
Is a Ronaldinho Meme Coin Launching Soon?
In his recent post on the X platform, the Brazilian football sensation Ronaldinho teased an upcoming “big news”, however, at the same time he also warned his followers against fraudulent tokens floating in the market. This has got his fans speculating about whether Ronaldinho meme coins could be out in the market 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,” read the post.
Ronaldinho’s post comes at a time when the popularity of meme coins is waning, with investors shifting their focus to altcoins offering real-world utility. Despite this, meme coins continue to play a significant role in the crypto market, often serving as an indicator of broader market sentiment. However, concerns about scams and rug pulls within the meme coin sector remain a pressing issue, as highlighted in our previous article.
Crypto Community Urges Footballers to Stay Away from Hype Launches
After a major downfall in celebrity-backed meme coins this month in February, crypto community has urged ronaldinho for a careful consideration. Crypto analyst Michael van de Poppe expressed skepticism, advising Ronaldinho to prioritize safeguarding retail investors rather than introducing his own cryptocurrency.
“I assume the big news is that you bought Bitcoin instead of launching your own meme coin because you’d like to protect retail crypto users and are not after money,” the analyst wrote.
Another user cautioned the football legend to reconsider, warning that any collaborators in a token launch might exploit his reputation, leaving investors vulnerable to significant losses. This skepticism comes considering Ronaldinho’s previous controversies in the crypto space, as reported last year.
Celebrity Meme Coins See A Steep Fall
Historical data highlights the poor performance of celebrity-backed tokens, with meme coins associated with figures like Donald Trump, Iggy Azalea, and Andrew Tate experiencing significant losses—some dropping nearly 80% from their all-time highs.
Additionally, researchers have revealed the precarious nature of meme coins, stating that 97% of them have failed, with only 15 out of 1.7 million surviving. Similarly, studies indicate that 76% of influencer-promoted meme coins lose over 90% of their value within three months.
