Brazilian football legend Ronaldinho recently mentioned his plans to launch his own cryptocurrency amid warnings about fraudulent meme coins using his name.
Ronaldinho's Warning About Meme Coin Dangers
In a recent X (Twitter) post, Ronaldinho urged the community to watch out for scams and hinted at an upcoming big announcement.
Crypto Community's Reaction to Ronaldinho's Plans
Crypto analyst Michael van de Poppe criticized the idea of launching a meme coin, arguing that Ronaldinho should focus on protecting investors.
Track Record of Celebrity-Backed Meme Coins
The failures of celebrity-backed meme coins, such as those linked to Donald Trump and Iggy Azalea, have become notorious. Research indicates that 97% of meme coins fail.
While meme coins remain a significant part of the crypto market, many experts continue to warn against their use due to risks and lack of real-world applications.
