CR7 Memecoin Surges to $140M Before Rug Pull
A rumored Cristiano Ronaldo-themed memecoin briefly surged to a $140 million market cap before collapsing in a rugpull, exemplifying how celebrity names are exploited in crypto scams, with influencers on the Solana blockchain exiting within 20 minutes and pocketing around $50,000. The incident highlights the ongoing risks and hype in the memecoin space, especially involving celebrity endorsements.