US EditionCR7 Meme Coin Hits $5M Market Cap Then Dumps Following $143M Rug Pull
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Key points of the news During the weekend several fake tokens with CR7 theme emerged after rumors that Cristiano Ronaldo was about to launch a memecoin. One of them fleetingly reached $143 million of capitalization before collapsing 98% in minutes, in what experts point to as a coordinated rug pull. Portuguese star has announced nothing beyond its NFT collections with Binance, and the data show that influencers fed investors' FOMO by promoting R…
CR7 Meme Coin Hits $5M Market Cap Then Dumps Following $143M Rug Pull
A new CR7 meme coin launched on Solana rose to a $5 million market cap before crashing to zero just after. This follows the first fake coin launch, which saw $143M rug pulled. CR7 Meme Coin’s Meteoric Rise and Sudden Fall According to BlockBeats, another token branded as CR7 meme coin launched on the Solana The post CR7 Meme Coin Hits $5M Market Cap Then Dumps Following $143M Rug Pull appeared first on CoinGape.
Cristiano Ronaldo Meme Coin Rumors Fuel $143 Million CR7 ‘Rug Pull’ - WorldNL Magazine
In brief Rumors circulated the internet over the weekend that Cristiano Ronaldo was set to release an official meme coin. As a result, several fake tokens were launched with one touching a $143 million market cap before crashing down 98% all within 15 minutes. On-chain analysis firm Bubblemaps told Decrypt it was likely an organized effort from a group of crypto influencers. A spree of fake tokens inspired by soccer icon Cristiano Ronaldo croppe…
The name of Cristiano Ronaldo alone was enough to throw parts of the crypto market into chaos this weekend. Rumors about an official "CR7-Meme-Coin" triggered a wave of fake token launches, with a fraudulent project briefly reaching a breathtaking market capitalization of $143 million before it collapsed by 98% in just a few minutes. The hustle and bustle, reinforced by influencers and opportunist developers, shows how fast speculation in the Me…
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