Brazilian Football legend Ronaldinho launched $STAR10 token on BNBChain on March 3, 2025, promising benefits including signed memorabilia and AI tools. The STAR10 price has surged to a peak of $0.3964, a market cap of $397 million within 10 hours, though it later dropped to $274 million.
STAR10 Current Market Stats:
- STAR10 Price: $0.1377 (-51.57% in 24h)
- Market Cap: $10.74M
- Volume (24h): $20.36M
- Total Supply: 1B STAR10
- Circulating Supply: 80.65M STAR10
Ronaldinho’s memecoin raises Security and Tokenomics Concerns:
1. Tokenomics
Due to its tokenomics, the STAR10 debut caused controversy. A large portion, 35% of the token supply was allocated to insiders, including 20% for Ronaldinho and 15% for the team. Since such large allocations are uncommon in cryptocurrency ventures, this caused anxiety.
2. Insider Project
It appears that a concentrated group of whales, perhaps insiders, sniped the STAR10 token, which was already being shorted by traders less than a day after its launch.
The project team's wallet purchased 122.45M tokens (12.24% of the entire supply) for just 80 BNB (about $50,000), dumped 1M tokens for 433 BNB, and still had $121.44M.
Another wallet paid $29K for 20.79M STAR10 prior to launch, and after selling 119K for a $33K profit, they still had $4.93M.
3. Security risk
The contract holder can burn any holders' tokens at any time. A warning on this vulnerability was released by GoPlus Security. Later, Ronaldinho responded to this on social media, saying that tokens could no longer be destroyed and that ownership had been surrendered. Since ownership has not been renounced, all tokens risk being destroyed without warning.
4 .Liquidity Lock Time
The team stated initially that its allocation would be locked for 30 days, with the possibility of an extension. Later, Ronaldinho's group said that the liquidity would be permanently sealed.
5. Ronaldinho’s past crypto ties
Ronaldinho released Ron, his first token, in 2022, although it was a quiet one. He also promoted a World Cup INU token that year; at first, its value increased, but then it crashed. In 2023, he was also a part of the "18Kronaldinho" pyramid scheme, which collapsed and resulted in a $61 million lawsuit. He claimed he was not involved and that someone was posing as him.
6. Community Sentiment:
While some warn of another celebrity pump-and-dump, others see possibilities in the frenzy.
Even if Ronaldinho Coin (Star10) had a strong launch, Changpeng Zhao's caution: "Be careful, everyone!" emphasizes the risks. Investors should conduct thorough research and avoid falling for scams that appear as official tokens. The market for meme coins is still unpredictable, with price spikes frequently followed by sudden drops, as the creator of Binance pointed out.
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