The CR7 meme coin, launched on the Solana network on August 26, experienced a dramatic rise and fall in its market capitalization. Initially, the token's market cap soared to $5 million by 6 AM, but it quickly plummeted to $359,000. The total trading volume reached $55.1 million. Despite its name, Cristiano Ronaldo has not endorsed the coin, and investors are advised to exercise caution due to potential risks.