Ronaldinho: The Football Legend Who Took Your Money!
Yesterday, Ronaldinho withdrew over $100 million from his own $STAR10 memecoin scam. Here’s my detailed on-chain investigation into the $STAR10 memecoin.
Before we dive in…
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1/ Ronaldinho
Ronaldinho is a legendary Brazilian footballer who played as an attacking midfielder and winger. He represented Brazil in 97 international matches, scoring 33 goals and participating in two FIFA World Cups.
2/ Popularity
With over 21 million followers on X (formerly Twitter), Ronaldinho’s fame made him an influential figure. However, this influence seems to have led him to create the $STAR10 memecoin as a way to capitalize on his fan base.
3/ Past Controversy
Ronaldinho made headlines in 2020 when he was arrested in Paraguay for attempting to enter the country with a forged passport. He and his brother were briefly detained for this offense.
4/ $STAR10 Launch
On March 2nd, Ronaldinho launched his $STAR10 memecoin and shared the official website link on his Twitter. The price surged rapidly, but there was a lot of uncertainty around the project’s legitimacy from the start.
5/ Red Flags
Before launching $STAR10, Ronaldinho posted daily reminders about cryptocurrency. It was the first time he spoke about the crypto space, despite having no prior knowledge. This seemed to be part of a promotional campaign designed to boost buying volume.
6/ Price Drop
Since launch, the price of $STAR10 has already fallen by 70%, and there’s a clear reason why. Ronaldinho and his team sold off large portions of the token, using his massive audience as exit liquidity.
7/ Evidence
The current BubbleMap of $STAR10 shows that Ronaldinho holds a large portion of the supply, with his wallets connected to the biggest bubbles. Before announcing the official contract address, he bought over 95% of the circulating supply.
8/ Top Traders
Through platforms like DexScreener, we can see that the top traders of $STAR10 are just Ronaldinho’s wallets. There’s no evidence of real, independent traders. Ronaldinho has already extracted millions from his fans, with a total above $100 million.
9/ CZ and Ronaldinho
Even Binance CEO CZ warned about the potential scam aspects of $STAR10. One key issue is that Ronaldinho left the option to burn any tokens at his discretion, which means he could wipe out all of his investors’ holdings with a single click.
10/ Conclusion
If you’re holding $STAR10, proceed with caution. Ronaldinho created this token to profit off of you, not the other way around. After already dumping the price by 70%, it could drop to 99% very soon.
11/ SIGNAL! 🚀
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