Ronaldinho's Reentry into the Crypto World
Renowned football icon Ronaldinho Gaúcho has recently hinted at making a comeback in the cryptocurrency space. Through a post shared on a social media platform, he voiced his opinion on the need for cryptocurrencies to gain wider acceptance and called upon his followers to join him in this venture.
However, his announcement has been met with skepticism and disapproval within the cryptocurrency community. Notably, ZachXBT, a well-known on-chain investigator, has raised questions about Ronaldinho's intentions, implying that his sudden return to the crypto industry could be influenced by financial troubles.
Responding to Ronaldinho's announcement, ZachXBT indirectly suggested that the footballer's reentry could be driven by financial difficulties, hinting at past involvements in pump-and-dump schemes related to various cryptocurrency projects.
Accompanying this response was a screenshot listing Ronaldinho's participation in numerous crypto initiatives, including meme coins such as Baby Doge, Atari Chain, Lord Society NFT, and World Cup Inu (WCI).
Ronaldinho's crypto history has been marred by controversies, with one significant incident involving the '18kRonaldinho' project, which was accused of operating as a $61 million pyramid scheme. The project offered investors unrealistic returns of 2% per day, with allegations of unauthorized use of Ronaldinho's image.
This is not the first time Ronaldinho has delved into the cryptocurrency space. In 2022, he partnered with Graph Blockchain's subsidiary, New World Inc., to serve as an ambassador and promote NFT experiences to his extensive fanbase, which includes almost 77 million followers on Instagram. Subsequently, he collaborated with the decentralized exchange P00LS to launch his token, RON.
Celebrity Involvement and Meme Coin Challenges
Numerous prominent personalities have explored cryptocurrency ventures, often encountering a mix of successes and failures. The advent of celebrity-endorsed meme coins has brought volatility and financial losses to the forefront, with projects seeing rapid drops in value, causing distress among investors.
Celebrities like Caitlyn Jenner, Andrew Tate, and Nigerian musician David “Davido” Adeleke have faced backlash for their ties to such ventures. Additionally, blockchain analytics firm Bubblemaps has accused individuals like Andrew Tate and Iggy Azalea of engaging in insider trading within meme coin projects.
The scrutiny surrounding celebrity engagements in meme coins highlights the complexities and controversies associated with blending celebrity influence with the crypto landscape.
