TLDR:
- Market: A ponzi CR7 token, purported to have an affiliation based on Cristiano Ronaldo, soared to a $143.18M market cap in six minutes and plummeted 98% in nine minutes, and its 24-hour volume of trade became evidence of reckless selling.
- Narrative: There was news of Ronaldo dumping a memecoin that caused a Solana-powered CR7 token, which had influencer backing, but it was actually a structured rug dump. The ploy exploited the fame of Ronaldo’s Binance NFT, illustrating the danger of influencer-backed memecoin speculation.
At the weekend, reports of soccer icon Cristiano Ronaldo launching an official memecoin shook the crypto space, only to be exposed as a huge scam. A fake CR7 token on Solana reached an astonishing $143.18M market cap within six minutes before plummeting 98% in the next nine minutes, as witnessed on August 26, 2025, on DEX Screener. The token, which was marketed on social media influencer @Whale_Guru with a following of over 400K, was faked to be Ronaldo’s, riding on his 2022 Binance NFT collaboration to entice buyers.
CR7 saga started with @Whale_Guru’s X posts announcing the token hitting a $50B market cap and calls for presale investment with guarantees of huge profits. At least five CR7-named tokens were created on Solana, yet only one, heavily hyped by influencers, went mainstream. Bubblemaps identified an organized racket: a group of wallets controlled liquidity, organized flash sell-outs, and disappeared, making an investor lose $9,827 ($1 now). Tweets from influencers were later deleted, fueling speculation of an organized rug pull. The scam also benefited from Ronaldo’s crypto legitimacy from four Binance NFT drops, whereas he never formally promoted the memecoin.
This follows the same trajectory as Kanye West’s YZY token, which rose as far as $3.2B and later plummeted 74% within 24 hours. The CR7 rug pull exemplifies the danger of celebrity memecoins powered by FOMO and undeserved hype. Investors are recommended not to indulge in rumor-mill tokens, confirm project validity, and observe Solana’s turbulent memecoin space for jaw-dropping losses.
Read more memecoin narratives on the MevX Blog!
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