The fake token of Cristiano Ronaldo reached a market capitalization of $143 million in a short time, and then collapsed by 98%

Over the weekend, rumors spread online that football star Cristiano Ronaldo was preparing to launch an official meme coin. Soon after, on Monday, several fake tokens appeared, one of which, according to Decrypt, reached a market capitalization of $143 million and then collapsed by 98% in just 15 minutes.

The analytical company Bubblemaps suggested that the CR7 token, based on Ronaldo's nickname and jersey number, was promoted by several authoritative figures. However, later they all deleted their posts. #Ronaldo #bnb #SpotTrading.