Soccer legend Ronaldinho Gaúcho is the most recent public determine to launch their very own cryptocurrency. He joins an extended record of celebrity-backed meme cash over the previous few years along with his new STAR10 token.
Ronaldinho launched his token, Star10 (STAR10) on the BNB Chain late yesterday (March 2). In an X submit the World Cup winner mentioned “Holding this token grants you exclusive experiences, real benefits, signed collectibles, and even my own AI Agent — built for those who want to be part of history.”
My new one and ONLY OFFICIAL token is HERE! It’s time to rejoice greatness, ardour, and that legendary spirit that NEVER fades Legends will not be born… THEY ARE FORGED. And YOU can select to be part of it. Get your $STAR10 NOW. Let’s make historical past collectively!… pic.twitter.com/91KbaXVmgS
— Ronaldinho (@10Ronaldinho) March 2, 2025
STAR10 Holding Up Surprisingly Properly Contemplating Different Current Celeb Meme Cash
STAR10 is round 16 hours previous on the time of writing and after launching with a five-figure market cap, it rapidly mooned to round $250 million, with positive factors of greater than 50x for many who had been early sufficient to catch the launch.
There was then a short sell-off, right down to roughly $160 million in market cap, earlier than the dip was purchased up noticed STAR10 rise above $300 million.
It’s now ranging between $200-250 million, with over $40 million in quantity, an insane feat for a token that hasn’t even been dwell for a full 24-hours.
With the market extremely jaded by different superstar meme coin launches and the fixed rug pulls which are synonymous with them, it’s good to see that STAR10 is holding effectively proper now.
Investor sentiment stays extraordinarily fragile after the $4 billion collapse of Libra (LIBRA), the meme coin endorsed by Argentine President Javier Milei. It plummeted over 95% in worth after eight insider wallets withdrew $107 million in liquidity inside hours of launch.
Time will inform whether or not the soccer legend leads to the identical state of affairs as Milei and each different celeb meme coin however the early indicators are not less than extra promising than these earlier than him.
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Tokenomics And Insider Buying and selling For Ronaldinho’s Meme Coin Are Elevating Considerations From Many
One side of Ronaldinho’s STAR10 token inflicting some scepticism, are the tokenomics. Many cybersecurity professionals have voiced considerations for the reason that launch yesterday.
The Star10 meme coin’s tokenomics raised some pink flags amongst buyers. Per the token web site, 35% of the token provide was allotted to insiders, together with 20% for Ronaldinho and 15% for the crew.
It ought to be famous that, as a part of its tokenomics, 5% of Star10 charges will probably be donated to social causes chosen by the token’s group.
This small gesture isn’t absolutely assuaging the crypto group fears that STAR10 will find yourself as simply one other LIBRA, TRUMP, and so forth.
Main the scams:
#Ronaldinho Coin $STAR10 is trending #1.
As we predicted, it is full rubbish. The coin is on BSC —simply take a look at the distribution… solely 4% left for the degens.
Do not come at us with ‘locked provide’—it is a huge rip-off.
Do not be stunned if massive… pic.twitter.com/ANxqx1DJsv— $MASTR ANTISCAM CRYPTO MOVEMENT (@MastrXYZ) March 3, 2025
Per the @lookonchain account on X, the STAR10 launch was plagued with insider shopping for and promoting. It claims a pockets associated to the crew purchased greater than 12% 122 million STAR10) of the availability for $50,000. Blockchain information exhibits that the pockets has offered 1 million STAR10 tokens for $270,000.
The worrying half is that because of the elevated worth of STAR10, the remaining 121 million tokens owned by that pockets are at present price over $30 million. If this pockets begins dumping its tokens, it could possibly and can kill the mission.
Preliminary worries additionally arose that the contract’s possession had not been renounced. Web3 safety agency GoPlus Safety warned early on that the contract allowed its creator to burn any holder’s tokens at will, successfully enabling them to destroy investor belongings with out warning.
The contract has since been renounced, and whereas this eliminates the danger of token destruction, one pockets related to the Ronaldinho crew that owns over 10% of the availability continues to be a trigger for concern.
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Soccer legend Ronaldinho launches 'STAR10' meme coin
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