The fake C.Ronaldo meme coin exploded and then collapsed in just a few hours

According to data from GMGN, early this morning a meme token named CR7 was launched on the Solana network. This coin quickly surged in price, reaching a market capitalization of 5 million USD by 6 AM, but then plummeted dramatically.

At the time of writing, the market capitalization is only about 359,000 USD, while the cumulative trading volume reached 55.1 million USD.

BB emphasizes that the official channels related to Cristiano Ronaldo have not yet announced any information about the launch of the meme coin, therefore investors need to be particularly cautious about the risk of fraud.