š±š„Ronaldinho Launches STAR 10 Token Massively on BNB Chain networkšš
Brazilian football icon #Ronaldinho has made his foray into the cryptocurrency space with the launch of #STAR10 , a digital token built on the BNB Chain.
Ronaldino announced his token in a post on X earlier today.
With a total supply of 1 billion tokens, STAR10 is intended to serve as a bridge between football and blockchain technology, granting holders access to exclusive challenges, rewards, and events.
Insider Trading Raises Questions
On March 2, 2025, a wallet linked to the STAR10 team conducted high-value transactions, raising speculation about potential price manipulation.
Blockchain analytics firm Lookonchain reported that at 14:30 UTC, the wallet spent 80 BNB ($50,000) to acquire 122.45 million STAR10 tokens, representing 12.24% of the total supply.
Shortly after, at 15:00 UTC, the same wallet sold 1 million tokens for 433 BNB ($270,000), leaving it with 121.44 million STAR10, valued at $33.5 million.
These transactions had a direct impact on STAR10ās market performance. Following the large purchase, the tokenās price surged 15% from $0.35 to $0.40, as recorded by CoinGecko at 15:30 UTC.
However, the subsequent sale triggered a 10% price drop to $0.36 within 30 minutes. Trading volume spiked 300% from 5 million to 20 million tokens, per CoinMarketCap data at 16:00 UTC.
Onchain Lens also found that a wallet linked to insider activity on Ronaldinhoās STAR10 token has turned an initial $29,247 investment into a staggering $4.94 million in unrealized gains.
In a post on X, it said that the insider spent 48 BNB to acquire 20.79 million STAR10 tokens.
So far, they have sold only 119,278 tokens for 54 BNB ($33,106), already securing a small profit while holding onto the majority of their holdings.
The remaining 20.68 million STAR10 tokens in their wallet are now valued at $4.93 million, highlighting the rapid price appreciation of the token.
