Football Icon Ronaldinho Eyes Cryptocurrency Comeback Despite Past Controversies

Soccer legend Ronaldinho Gaucho has hinted at a return to cryptocurrency. On June 23, he posted on X, declaring that it was time for the asset class to “go mainstream” and urging his followers to affix him.

Nonetheless, the announcement was not met with enthusiasm. As a substitute, it sparked criticism and skepticism from the cryptocurrency group, with outstanding on-chain investigator ZachXBT spearheading the accusation.

Ronaldinho’s crypto return sparks controversy

ZachXBT questioned Ronaldinho’s motives, suggesting that his sudden re-entry into the crypto world could possibly be resulting from monetary difficulties. ZachXBT responded sharply: “Is that this a translation of Are you broke once more? In case you forgot, listed below are all of the cryptocurrency tasks you may have hyped and deserted through the years.

It’s time for cryptocurrencies to go mainstream, who has my again?

— Ronaldinho (@10Ronaldinho) June 23, 2024

Accompanying the assertion was a screenshot detailing a number of crypto tasks that Ronaldinho is concerned in, together with meme coin Child Doge, Atari Chain, Lord Society NFT, and World Cup Inu (WCI).

Is that this the interpretation of Are you broke once more?

In case you forgot, listed below are all of the crypto tasks which were hyped and dumped through the years. pic.twitter.com/VvVRQR6tKt

— ZachXBT (@zachxbt) June 24, 2024

Ronaldinho’s earlier entry into the cryptocurrency area was fraught with controversy. The most recent scandal entails the “18kRonaldinho” mission, which defendant is a $61 million pyramid scheme.

It guarantees unrealistic returns of two% per day to traders who put in no less than $30 of the digital foreign money. Ronaldinho has appeared as an envoy for the corporate, which initially bought watches and jewellery, however at a Brazilian congressional listening to he denied any formal hyperlinks, claiming his picture had been used with out his consent. use.

This isn’t the movie star’s first foray into cryptocurrency. In February 2022, he partnered with Graph Blockchain subsidiary New World Inc. as an envoy to advertise NFT experiences to his huge fan base, which incorporates almost 77 million followers on Instagram.

Later that yr, he additionally launched his personal token, RON, in partnership with decentralized trade P00LS.

Censorship and memecoin controversy

A number of different large names have additionally dabbled within the cryptocurrency area, usually with blended outcomes. The crypto group just lately noticed a Increase Movie star-backed memecoins, lots of which rapidly plummeted in worth, inflicting vital losses to traders.

Celebrities resembling Caitlyn Jenner, Andrew Tate and Nigerian musician David “Davido” Adeleke have additionally confronted backlash for his or her involvement in such ventures. Blockchain analytics firm Bubblemaps additionally accuses Andrew Tate and Iggy Azalea attractive Insider buying and selling within the memecoin mission they promoted.