As an analyst with extensive experience in the cryptocurrency market, I have closely followed Ronaldinho’s past and recent involvement in the crypto space. While I understand his enthusiasm for the potential of this emerging asset class, I share the concerns raised by the crypto community regarding his latest announcement.
As a crypto investor, I’m excited to hear that football legend Ronaldinho Gaúcho has expressed interest in returning to the cryptocurrency world. On June 23rd, he took to X and shared his belief that it’s time for digital assets to become more mainstream. He encouraged his followers to consider jumping on board with him.
This announcement has drawn criticism and skepticism rather than excitement from the cryptocurrency community. Notably, well-known on-chain analyst ZachXBT has been vocal in expressing his concerns.
Ronaldinho’s Crypto Comeback Sparks Controversy
As an analyst, I’d interpret ZachXBT’s statement as follows: I raised questions about Ronaldinho’s reasons for returning to the crypto scene. It seemed plausible to me that he might be facing financial hardships, leading him to this decision. In response, I made a direct comment, asking if this was a sign of bankruptcy once again. To emphasize my point, I reminded him of all the past crypto projects he had been involved with and which had raised suspicions of price manipulation.
Time for crypto to go mainstream, who’s with me?
— Ronaldinho (@10Ronaldinho) June 23, 2024
As a dedicated researcher, I came across a compelling piece of information accompanied by a screenshot. This intriguing finding revealed Ronaldinho’s participation in various crypto initiatives. Specifically, he is involved with Baby Doge, Atari Chain, Lord Society NFT, and World Cup Inu (WCI) projects within the cryptocurrency world.
Is this a translation for you are bankrupt again?
In case you forgot here are all of the crypto projects you pump and dumped over the years.
— ZachXBT (@zachxbt) June 24, 2024
Ronaldinho’s past involvement in cryptocurrency has been marred by controversy. Notably, the “18kRonaldinho” initiative drew criticism as an alleged $61 million pyramid scheme.
The company guaranteed implausible daily yields of 2% to investors who invested a minimum of $30 in digital currencies. Ronaldinho served as the spokesperson for this business at one point, which originally dealt in watches and jewelry. However, during a Brazilian legislative session, he refuted any formal ties to the company, stating that his likeness was employed without his approval.
I’ve analyzed the situation and found that this isn’t my first encounter with the celebrity’s connection to the crypto world. Back in February 2022, I witnessed him teaming up with Graph Blockchain’s subsidiary, New World Inc., to serve as their ambassador. His primary role was to endorse NFT experiences to his extensive fanbase, which boasts almost 77 million followers on Instagram.
Towards the end of that year, he teamed up with the decentralized exchange P00LS for the introduction of his own token named RON.
Scrutiny and Meme Coin Controversy
Numerous well-known figures have entered the cryptocurrency sphere, leading to varying degrees of success. Lately, there’s been a surge of meme coins endorsed by celebrities. However, many of these digital assets have experienced sharp declines in value, resulting in substantial financial losses for their backers.
Famous individuals like Caitlyn Jenner, Andrew Tate, and Nigerian artist Davido have drawn criticism for their participation in certain business ventures. According to reports from blockchain analytics firm Bubblemaps, Andrew Tate and Iggy Azalea are alleged to have participated in insider trading within the meme coin projects they publicly endorsed.
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2024-06-24 23:30