The Solana chain has once again seen the CR7 celebrity coin eyewash! After a big pump to 5 million dollars in 5 minutes, it dropped to zero. Investors need to be wary of imitation risks.

In the early morning of August 26, a fake CR7 (Cristiano Ronaldo) meme coin project appeared again on the Solana blockchain. The Token's market capitalization skyrocketed to $5 million within 6 hours before instantly crashing to zero. This is the second recent eyewash using Ronaldo's name; a similar scheme previously created a market capitalization of $143 million before suffering a big dump of 98%. Blockchain analysts warn that celebrity-related Token scams on the Solana chain are experiencing explosive rise, and investors need to be cautious in identifying official partnership projects.

[eyewash operation mode and data perspective] According to BlockBeats monitoring data, the latest key data for the CR7 eyewash Token is as follows:

• Life Cycle: 6 hours (from launch to drop to zero)
• Peak market capitalization: 5 million USD
• Final market capitalization: $359,000 (big dump 93%)
• Total trading volume: 55.1 million USD (creating an illusion of liquidity)
• Control Address: Over 90% of tokens are concentrated in 5 wallets (Bubblemaps blockchain analysis data) Typical characteristics of such eyewash include: using false publicity on X platform, imitating Binance's official collaboration background, and creating FOMO emotions through platforms like Pump.fun.

[Solana on-chain celebrity token risk map] In addition to CR7, there have been multiple similar eyewash incidents recently on the Solana chain:

• Kanye West (YE) Token: market capitalization once reached $3 billion, but 90% of the supply is controlled by 6 addresses.
• Cumulative imitation projects: over 20 CR7 related Tokens, most with a market capitalization of less than 1 million dollars.
• Platform earnings: Pumpfun's cumulative revenue exceeds 800 million dollars, reflecting the market's speculative frenzy. The common characteristics of these projects are: zero practical value, high control, driven by social media hype, which conform to the typical features of "pump-and-dump".

[Official Cooperation and Eyewash Identification Guide] Investors can identify authenticity through the following methods:

1. Official channel verification: Cristiano Ronaldo currently has a formal NFT collaboration only with Binance and has not released any Tokens.
2. On-chain analysis tools: Use Bubblemaps to view Token concentration, be cautious if more than 20% of addresses control the tokens.
3. Contract Audit: Legitimate projects will publicly disclose audit reports, while scam projects usually skip this step.
4. Social media verification: Official projects will be announced through verified Blue V accounts, rather than anonymous accounts.

Conclusion Solana has become a breeding ground for meme coin issuance due to its low gas fees and high-speed transaction characteristics, but it has also given rise to a large number of fraud projects. Investors should adhere to the three principles of "not participating in unaudited tokens," "not trusting social media rumors," and "not investing more than affordable funds." For crypto users keen on "dog coin hunting" and "early investments," it is recommended to use a "simulation wallet" for trial and error, and to strictly set stop-loss points. Blockchain security agencies predict that more sports star-related scams will emerge with the start of the European football season, so please stay vigilant.