Home web3.0 Scottie Pippen Disappoints Crypto Community with Tokenization of 1991 Championship Ball

Scottie Pippen Disappoints Crypto Community with Tokenization of 1991 Championship Ball

Jul 26, 2024 pm 03:25 PM
Meme Coin NBA Legend Crypto Community

Former professional basketball player Scottie Pippen, who is considered to be the greatest small forward of all time, has disappointed the cryptocurrency community with his much-hyped announcement.

Scottie Pippen Disappoints Crypto Community with Tokenization of 1991 Championship Ball

Basketball great Scottie Pippen, widely regarded as the greatest small forward ever, has finally unveiled his much-anticipated announcement to the cryptocurrency world, and it's the tokenization of the iconic 1991 Game 5 championship ball from the legendary Chicago Bulls vs. Los Angeles Lakers Finals.

"Thirty-three years later, I'm making history again by tokenizing this historic ball on the blockchain. So, let's make history together as you can officially be a part of this legendary moment," said Pippen in a video statement.

A legendary game

In 1991, MVP Michael Jordan and the Chicago Bulls secured their first-ever NBA championship, with Jordan scoring 30 points and Pippen hitting 32. They brought the Bulls their first NBA title, defeating the Los Angeles Lakers led by Earvin "Magic" Johnson, ending the Lakers' reign as the most successful team of the 1980s.

The Bulls went on to clinch six championship wins between 1991 and 1998, widely considered the greatest run in North American sports history.

This isn't Pippen's first foray into the cryptocurrency world. In 2022, he launched his NFT collection, which sold out in a world-record two minutes.

Earlier this month, he also sparked a debate between the Ethereum and Solana communities with a social media post.

Community backlash

Pippen's latest announcement has drawn strong reactions from the community, with many accusing the NBA great of desperation. "This is too lame to watch. Why do people speculate on a basketball lmao," wrote one user, referring to the fact that the tokens won't represent physical ownership of the ball.

Others have criticized Pippen for missing an opportunity to launch his own celebrity meme coin. However, Pippen's decision not to launch a meme coin might be a wise move considering the latest crypto trend, fueled by influencers like Iggy Azalea, seems to be over.

Every single celebrity meme coin launched on the Solana blockchain is down, with an average decrease of an average 94%. Even the best-performing meme coins are down more than 70%.

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