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On June 23, Ronaldinho Gaúcho shared a bold message on the X platform advocating the mainstream adoption of cryptocurrencies and urged his followers to join the journey. This statement received many responses from the crypto community; many people doubt his intentions. Famous blockchain researcher ZachXBT suggested that financial difficulties may be behind Ronaldinho's entry. ZachXBT noted that the star has been associated with various crypto projects in the past, which could lead to conflicts of interest.
Controversial Crypto History and Claims
Ronaldinho's re-entry into the crypto world has brought his controversial past back into the spotlight. Notably, ZachXBT claimed that the superstar was involved in many crypto projects such as Baby Doge, Atari Chain, Lord Society NFT, and World Cup Inu (WCI). In a striking tweet from ZachXBT, a screenshot was shared showing Ronaldinho's role in these projects and accused him of 'pump and dump' scams.
Football legend Ronaldinho Gaúcho aroused a new curiosity in the cryptocurrency world with his latest statement on the X platform. This statement received mixed reactions in the crypto community; Some were skeptical and critical. Prominent on-chain researcher ZachXBT questioned Ronaldinho's intentions, citing his past controversial crypto ventures.
These doubts are not in vain. Allegations that Ronaldinho is associated with the "18kRonaldinho" project are still fresh in the public mind. The project drew criticism for promising unsustainable returns of 2% per day and later collapsed, leaving many investors in financial trouble. Later, at a Brazilian congressional hearing, Ronaldinho argued that he had no official connection to the project and that his likeness was used without permission.
Celebrity Influence and Risks in Crypto Startups
Ronaldinho's initiative is not alone; Many celebrities have stepped into the crypto world with varying results. Celebrity-backed meme coins often lost value rapidly, causing investors huge financial losses. Celebrities such as Caitlyn Jenner, Andrew Tate and Davido faced similar reactions. Blockchain analyzes from Bubblemaps have highlighted instances where celebrities such as Andrew Tate and Iggy Azalea engaged in questionable business activities, causing transparency and trust issues in the community.
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I EXPLAIN IN DETAIL.
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