Fake Cristiano Ronaldo Meme Coin Launches, Market Cap Surges for Six Hours Before Crashing to Zero

BlockBeats News, August 26 — According to GMGN market data, in the early hours today, a meme coin named CR7 was launched on the Solana network. The token then experienced a sustained surge, reaching a market capitalization of $5 million at 6 a.m. this morning, before rapidly declining. As of press time, the token’s market cap stands at $359,000, with a cumulative trading volume of $55.1 million.

BlockBeats reminds users that Cristiano Ronaldo’s official accounts have not released any information regarding meme coins. Please be aware of investment risks.