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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jun 24, 2024 08:48 UTC
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Crypto Expert Slams Footballer Ronaldinho’s “Pump-and-Dump” Dirty Play
Ronaldinho promotes crypto to his millions of followers.
An expert claims Ronaldinho's past involvement in risky crypto projects suggests he's using them for personal financial gain.
Due to the unregulated nature of crypto, the analyst warns people to carefully research any web3 project before investing.
Footballing legend Ronaldinho is facing heat for his latest social media move. Popular on-chain analyst ZachXBT slammed the Brazilian star for advocating crypto to his massive following. But what exactly did Ronaldinho say, and why is it causing such a stir?
Here’s the red card offense.
Crypto Advocacy Raises Concerns
Ronaldinho Gaúcho, the 44-year-old Brazilian former football star with over 21 million followers on X platform, sparked controversy on Sunday with a post urging cryptocurrencies to become mainstream.
In a sharp response, ZachXBT pointed out Ronaldinho’s involvement in several cryptocurrency projects that allegedly ended in pump-and-dump schemes.
ZachXBT also accused Ronaldinho of using the crypto market to alleviate financial troubles, referencing past challenges such as tax debts.
Ronaldinho has ventured into various meme coins including Baby DogeCoin (BABYDOGE), Kishu Inu, Atari chain, and World Cup Inu ($WCI). He has also aligned with web3-focused initiatives, recently becoming an ambassador for Lingo protocol, a GameFi platform on Solana and Base networks.
Additionally, Ronaldinho is an ambassador for Betify, an online crypto casino platform, which also involves Floyd Mayweather.
Celebrities and Crypto: A Forever Gray Area
The involvement of celebrities like Ronaldinho in the crypto market highlights regulatory gaps globally, potentially allowing public figures to exploit their influence for personal gain, urging caution among investors.
Read Also: Crypto Market Correction: Altcoins Poised for a Major Comeback With 100% Rally
Let the buyer beware! Remember, even legendary footballers may not be the best financial advisors.
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