Summary: What Happened with the "Ronaldo Memecoin" (CR7)
This was never officially endorsed by Cristiano Ronaldo. The only crypto-related projects Ronaldo is involved with are NFT collections in partnership with Binance—not meme coins Coinpedia Fintech NewsBitget.
A fake “CR7” meme coin sprung up over a weekend, capitalizing on baseless rumors that Ronaldo would launch his own cryptocurrency. These tokens appeared briefly on various chains—including Solana—but were entirely speculative and unauthenticated CryptopolitanCrypto Economy.
The most notorious version reached a market cap of ~$143 million within minutes, fueled by influencer-driven hype and frantic retail buying CryptopolitanCoinMarketCapCrypto Economy.
Then it collapsed ~98% in value within 9–15 minutes—a textbook pump-and-dump or rug pull scenario. Influencers who backed it reportedly pulled their promotions or deleted them right before the crash CryptopolitanCoinMarketCapCrypto EconomyAInvest.
Blockchain investigators and analysts—including Bubblemaps and DEX Screener—flagged the event as a coordinated scheme, not organic trading CryptopolitanCrypto EconomyAInvest.
On tracker platforms like Phantom (Solana network), CR7 is listed as an unverified token with negligible remaining market cap and trading volume—essentially worthless now Phantom.
What This Means: Red Flags and Lessons
Meme coins thrive on viral hype and celebrity association—but lack substance or backing. This case underscores how quickly prices can rise—or collapse—due to FOMO and speculation WikipediaBitget.
Lack of official announcement is a huge danger sign. Ronaldo has not endorsed any meme coin—only NFTs with Binance—and any claims otherwise are false Coinpedia Fintech NewsCoinGape.
Influencer promotions can be misleading or outright manipulative. In this case, social media posts hyping the coin vanished alongside its collapse CryptopolitanCrypto Economy.