Ronaldo Coin CR7 Fake News

Fake meme coins inspired by soccer star Cristiano Ronaldo surfaced over the weekend following unverified rumors about an official token launch. The main CR7 token reached a $143 million market cap in just six minutes.

However, the token crashed 98% within the next nine minutes as several addresses executed quick sales. On-chain analysis firm Bubblemaps suggests this was likely an organized scheme by crypto influencers who promoted the token before deleting their posts.