CR7 Crypto Soars to $5 Million, Then Collapses After $143 Million Rug Pull!

Updated

August 26, 2025

Gambar CR7 Crypto Soars to $5 Million, Then Collapses After $143 Million Rug Pull!

Jakarta, Pintu News – The CR7 crypto, which was recently launched on the Solana blockchain, skyrocketed to a market capitalization of $5 million before falling straight to zero.

Citing Coingape’s report, this drop came after the launch of the first fake coin which caused a rug pull of $143 million.

Rapid Rise and Sudden Fall of Fake Crypto CR7s

According to BlockBeats, a token labeled the CR7 meme coin was launched on the Solana blockchain on the morning of August 26. Within six hours, the token’s market capitalization soared to nearly $5 million, driven by hype and speculative trading.

However, the surge was short-lived. A few hours later, the coin’s value dropped dramatically, and its market capitalization remained at just $359,000. This was despite a cumulative trading volume of $55.1 million.

This sudden spike and drop is similar to previous incidents involving fake tokens that capitalized on Cristiano Ronaldo’s global fame and his ongoing partnership with Binance.

Speculation about Ronaldo launching a digital asset has been circulating for several months. This was further reinforced by numerous posts on X that hinted at an “official” meme coin.

Cristiano Ronaldo memecoin #CR7 is launching soon.

Sources say it will hit $20B+ market cap, and early buyers will make 1000x+.

I’ll share it as soon as it goes live—just like I posted $TRUMP before it did 1000x.

I will DM the CA to the first 50 people to retweet this post.
— sarah milady (@saracrypto_eth) August 25, 2025

Many of these posts suggest that CR7 could be the dominant player among meme tokens. However, there are no credible sources or official statements confirming such claims.

Ronaldo’s partnership with Binance, which starts in 2022 and results in four NFT collections, is the only confirmed move in the Web3 universe. Other than that, there has been no legitimate confirmation of any token launch.

Fake CR7 Crypto Pattern

This latest version of the CR7 crypto is not the first attempt to capitalize on Ronaldo’s name. Previously, there was another token that shot to a valuation of $143 million in less than 15 minutes before falling 98% almost instantly.

Reports also indicate that several fake CR7 tokens appeared on Solana in recent months. Most of them failed to break the $1 million market capitalization threshold, except for the token discussed in this coverage.

Blockchain analytics platform Bubblemaps has also warned investors about the growing number of scams emerging.

This happened right after Kanye West’s YZY meme coin debuted on Solana and quickly reached a market capitalization of $3 billion.

> promotes fake Cristiano Ronaldo token
> deletes tweet
> tries again

There is no official $CR7 token. Stay safe. pic.twitter.com/MQwQD9ZVQj
— Bubblemaps (@bubblemaps) August 25, 2025

However, on-chain analysis shows that more than 90% of YZY’s supply is controlled by just six wallet addresses alone. This raises concerns about the dangers of centralization.

Solana’s other meme coin platform also helped fuel the broader meme coin fever. Pump.fun reportedly generated more than $800 million in total revenue. This suggests there is strong interest in the new token launch.

This trend of opportunistic celebrity-linked launches has become even more apparent with the recurring boom-bust cycle of fake crypto CR7s. While such projects can generate short-term gains, their lack of legitimacy often leads to a rapid decline.

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