Football legend Ronaldinho just scammed his fans AGAIN! He launched $STAR10, a memecoin that skyrocketed to $397M market cap before crashing 60% in 48 hours! ๐๐
Here's how he pulled it off and why this is another celebrity rug pull you should know about! ๐
1๏ธโฃ Insider Holdings: The Classic Trap ๐ญ
35% of $STAR10 was held by insiders (20% Ronaldinho, 15% dev team).
This means they had the power to dump on investors while hyping the token! ๐ฉ
2๏ธโฃ Shady Smart Contract ๐
Initially, the contract allowed token burning at the creatorโs willโa major security risk! ๐ฅ
Although ownership was later renounced, the damage was already done.
3๏ธโฃ Insider Trading Allegations ๐
A wallet linked to the team bought 12% of the supply for just $50K! ๐ฐ
This same wallet sold at peak prices, draining liquidity & wrecking retail investors.
4๏ธโฃ The Pump & Dump Reality ๐จ
๐ Pumped to $397M โ Retail FOMO kicks in
๐ฐ Insiders cash out โ Massive dump
๐ Price crashes 60% โ Fans left holding the bag
โ ๏ธ Lesson: Don't Trust Celebrity Memecoins!
From Logan Paulโs CryptoZoo to Ronaldinhoโs $STAR10, history keeps repeating! ๐คก
โ No utility
โ No transparency
โ Just celebrity hype to dump on fans
๐ฌ What do you think? Should celebrity tokens be banned? Drop your thoughts below! ๐๐ฅ
