Crypto Expert Criticizes Ronaldinhos Unethical PumpandDump Tactics in Football
Key Points:
– Football icon Ronaldinho is promoting cryptocurrencies to his vast social media following.
– An expert, ZachXBT, suggests that Ronaldinho may be using crypto for personal financial gain based on his past involvement in risky projects.
– Due to the unregulated nature of the crypto market, investors are advised to thoroughly research any web3 projects before investing.
Football legend Ronaldinho is under scrutiny for his recent endorsement of cryptocurrencies to his millions of followers. Renowned on-chain analyst, ZachXBT, criticized the Brazilian star for his advocacy, raising questions about his true intentions. But what exactly did Ronaldinho say that has caused such a commotion?
In a tweet on June 23, 2024, Ronaldinho declared, “Time for crypto to go mainstream, who’s with me?” This statement ignited controversy and skepticism among his audience, leading to a heated debate regarding his motives.
The 44-year-old former football star, Ronaldinho Gaúcho, boasts a massive following of over 21 million on X platform. However, ZachXBT pointed out Ronaldinho’s past involvement in questionable crypto projects that were allegedly involved in pump-and-dump schemes. This prompted ZachXBT to question whether Ronaldinho’s crypto advocacy is simply a ploy to generate personal wealth.
ZachXBT also highlighted Ronaldinho’s financial struggles, including tax debts, and accused him of leveraging the crypto market to alleviate his financial burdens. The football icon has dabbled in various meme coins like Baby DogeCoin (BABYDOGE), Kishu Inu, Atari chain, and World Cup Inu ($WCI), along with endorsing web3-focused initiatives like Lingo protocol, a GameFi platform on Solana and Base networks.
Moreover, Ronaldinho serves as an ambassador for Betify, an online crypto casino platform, in collaboration with boxing legend Floyd Mayweather. This partnership underscores the blurred lines between celebrities and the crypto market, shedding light on regulatory loopholes that allow public figures to exploit their influence for personal gain.
The involvement of celebrities like Ronaldinho in the crypto market underscores the importance of due diligence for investors. With the regulatory landscape still evolving, caution is advised when considering investments in web3 projects or cryptocurrencies. Remember, even legendary footballers may not always make the best financial advisors.