Professional wrestling and cryptocurrency are colliding in exciting ways. Wrestlers are launching their own digital coins, accepting Bitcoin payments, and exploring crypto betting. Stars like MJF, Ric Flair, and Summer Rae are leading the charge, while projects like Crypto Wrestling Inu support the wrestling community. This post covers which wrestlers are involved in crypto, why they’re interested, and what it means for fans. We’ll also discuss benefits, risks, and controversies in this growing trend.
Wrestlers Launching Their Own Cryptocurrencies
Some wrestlers are creating their own digital currencies to connect with fans and build new income streams. These coins tie into their personal brands, offering unique fan experiences.
MJF’s $MJF Coin
Maxwell Jacob Friedman (MJF) became the first wrestler to launch a cryptocurrency in 2021 with $MJF Coin. Built on the Ethereum blockchain via the Rally sidechain, it aimed to create a “personal economy” for MJF. Fans could buy the coin for exclusive content and events.
- Platform: Rally, for creator coins.
- Blockchain: Ethereum-based, using Rally’s sidechain.
- Features: Access to giveaways, exclusive content, and events.
- Status: By June 2023, $MJF Coin’s value fell to zero as Rally shut down.
MJF’s pioneering move inspired others, despite its eventual decline.
Ric Flair’s Wooooo! Coin
Wrestling legend Ric Flair launched Wooooo! Coin on January 1, 2024. This Ethereum-based coin lets fans engage with Flair’s iconic brand through digital assets.
- Purpose: Fan engagement through exclusive content and merchandise.
- Blockchain: Ethereum.
- Status: Active as of July 2025, per Official Wooooo! Coin Website.
Flair’s coin shows how wrestlers use their fame to enter the crypto space, though investors should be cautious, as Flair notes he’s not a financial advisor.
Crypto Projects Supporting Wrestlers
Some crypto initiatives focus on helping wrestlers, especially independent ones who face financial challenges like medical bills.
Crypto Wrestling Inu ($CWI)
Launched in 2022, Crypto Wrestling Inu ($CWI) supports independent wrestlers through transaction taxes (5% on buys, 8% on sells), as. It funds medical bills, training schools, and events.
- Purpose: Aid wrestlers with sponsorships and medical support.
- Endorsements: Backed by Mick Foley, Kurt Angle, and Jade Cargill.
- Sponsored Wrestlers: James Storm, Renee Dupree, Joe Hendry, and others.
- Community: Promoted via a Times Square billboard.
$CWI addresses real issues in wrestling, but its crypto nature carries risks.
| Project | Purpose | Blockchain | Key Features | Endorsements |
|---|---|---|---|---|
| $MJF Coin | Fan engagement | Ethereum (Rally) | Exclusive content, events | MJF |
| Wooooo! Coin | Fan engagement | Ethereum | Merchandise, content | Ric Flair |
| Crypto Wrestling Inu | Support wrestlers | Ethereum | Medical aid, sponsorships | Mick Foley, Kurt Angle |
Wrestlers Embracing Cryptocurrency
Some wrestlers are adopting crypto for their finances, seeing it as a way to diversify income.
Summer Rae’s Bitcoin Advocacy
Summer Rae (Danielle Moinet) has embraced Bitcoin, taking part of her WWE Royal Rumble 2022 earnings in Bitcoin and Litecoin via Hedge,. She’s also an executive at Hedge.
- Crypto Salary: Converted Royal Rumble paycheck (January 29, 2022) to crypto.
- Role: Director of Marketing at Hedge, first female athlete in a crypto executive role.
- Advocacy: Promotes crypto for female athletes.
Rae’s involvement highlights crypto’s potential for wrestlers.
Crypto Betting in Wrestling
Cryptocurrency is changing how fans engage with wrestling through betting platforms. Fans can bet using Bitcoin or Ethereum.
Benefits of Crypto Betting
- Speed: Faster transactions than banks.
- Privacy: Anonymous betting.
- Access: Bet globally with internet access.
Risks of Crypto Betting
- Volatility: Crypto prices can drop, affecting winnings.
- Security: Platforms may face hacks.
- Complexity: Can be confusing for beginners.
Platforms like DexSport are popular for low fees and privacy.
Controversies in Wrestling and Crypto
Crypto in wrestling isn’t without issues. Some wrestlers have faced criticism for their involvement.
Logan Paul’s Elongate Controversy
In 2021, WWE star Logan Paul promoted Elongate, a meme coin, which surged 6,000% before crashing. Paul allegedly earned $120,000 without disclosing his stake, raising scam accusations. This shows the risks of celebrity crypto promotions.
Conclusion
Wrestling and cryptocurrency are merging in unique ways. MJF and Ric Flair launched their own coins, Summer Rae embraces Bitcoin, and Crypto Wrestling Inu supports wrestlers. Crypto betting adds new fan experiences, but controversies like Logan Paul’s Elongate issue highlight risks. As wrestling and crypto evolve, fans and wrestlers must stay informed. Check out our guides on How to Buy Crypto Without KYC, Top Companies Accepting Cryptocurrency, and Can You Short Crypto? for more.
