Summary: Brazilian football icon Ronaldinho warned off users from imposter meme coins being traded in his name and suggested a big crypto-related revelation. His post is well-timed as meme coins lose appeal, with investors gravitating toward utility-based altcoins.
Cryptocurrency analyst Michael van de Poppe, nonetheless, criticized the move, asking Ronaldinho to put efforts toward safeguarding investors rather than coming up with a meme coin.Others worry that whoever helps him create a token could exploit his reputation. These concerns aren’t unfounded—Ronaldinho was previously linked to a crypto scam.
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Celebrity-backed meme coins often fail. Tokens tied to figures like Trump, Iggy Azalea, and Andrew Tate have dropped over 80%, and 97% of meme coins eventually become worthless. Even Binance’s former CEO has warned against them, calling them harmful to crypto’s reputation.
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Despite the risks, meme coins remain part of the industry, and the SEC recently clarified they aren’t securities. Whether Ronaldinho’s project will succeed or fade like many others remains to be seen.