Krutika Adani
Legendary Brazilian footballer Ronaldinho has tweeted a message to encourage his followers to invest in crypto projects he promoted.
ZachXBT, a well-known crypto investigator, questioned the celebrity's move and pointed out that his past endorsements were pump-and-dump schemes.
Several celebrity coins, including the Trump-inspired DJT token, were found to have no real connection with the celebrities.
Earlier experts commented that users should not jump at projects to invest in unless they gain traction.
Before investing in any project, users should properly examine its legality, tokenomics, traction, and, most importantly, audit reports.