Ronaldinho’s STAR10 Token Soars to $397M Market Cap Amid Security & Trading Concerns

Ronaldinho’s STAR10 Token Soars to $397M Market Cap Amid Security & Trading Concerns

TLDR

• Soccer legend Ronaldinho launched STAR10 token on BNB Chain, reaching $397M market cap within 10 hours
• Token distribution includes 35% to insiders (20% to Ronaldinho, 15% to team) with 6-month lockup period
• Security concerns emerged initially as contract allowed creator to burn holders’ tokens, but ownership has since been renounced
• Blockchain analysts identified potential insider trading, with one wallet making nearly $5 million in profit
• Token offers holders exclusive perks like signed collectibles, VIP experiences, and donations to social causes

Brazilian soccer legend Ronaldinho Gaúcho launched his cryptocurrency token STAR10 on the BNB Chain on March 3, 2025, joining the growing trend of celebrity-backed digital tokens. The memecoin quickly gained traction, reaching a market capitalization of $397 million within just 10 hours of launch before settling at around $274 million.

Ronaldinho announced the token on social media as his “one and ONLY OFFICIAL token,” promising holders access to “exclusive experiences, real benefits, signed collectibles,” and even his own AI agent. The project aims to celebrate the football star’s legacy while offering tangible value to investors.

My new one and ONLY OFFICIAL token is HERE! It’s time to celebrate greatness, passion, and that legendary spirit that NEVER fades 😎Legends are not born… THEY ARE FORGED. And YOU can choose to be a part of it. Get your $STAR10 NOW. Let’s make history together!… pic.twitter.com/91KbaXVmgS

— Ronaldinho (@10Ronaldinho) March 2, 2025

The token has a total supply of one billion STAR10 tokens. According to the project’s website, the distribution includes 25% allocated to liquidity and 20% for public sale. Ronaldinho personally holds 20% of the supply.

Team members control 15% of tokens, while another 15% is reserved for marketing and operations. The remaining 5% is set aside for future listings on centralized exchanges.

A key feature of the project includes a six-month lock-up period for Ronaldinho and team allocations. After this period, these tokens will unlock gradually over three years, potentially reducing immediate selling pressure.

The project also highlights its charitable component. According to promotional materials, 5% of STAR10’s fees will be donated to social causes chosen by the token’s community, adding a philanthropic element to the investment.

Despite the successful launch, security concerns emerged quickly. Web3 security firm GoPlus Security initially warned that the token contract allowed its creator to burn any holder’s tokens at will. This capability would have let the contract owner destroy investor assets without warning.

Red Flags

This security issue raised red flags among potential investors, especially given recent incidents in the celebrity token space. However, blockchain security firm SlowMist later reported that the token’s creator had renounced ownership over the contract, effectively eliminating this particular risk.

Beyond security concerns, analysts have also spotted possible insider trading activities. Blockchain analytics firm Onchain Lens revealed that an individual with close ties to Ronaldinho made nearly $5 million in profit through early token purchases.

This insider reportedly acquired 20.79 million STAR10 tokens for 48 BNB (approximately $29,247). After selling a small portion immediately, the wallet still holds tokens valued at about $4.93 million.

Another suspicious transaction was reported by Lookonchain. Their analysis found a wallet that purchased 122.45 million STAR10 tokens (12.24% of the total supply) for just 80 BNB ($50,000).

A wallet related to the $STAR10(@10Ronaldinho) team spent only 80 $BNB($50K) to buy 122.45M $STAR10(12.24% of the total supply). #STAR10

0x01D9…E14D spent 80 $BNB($50K) to buy 122.45M $STAR10 and sold 1M $STAR10 for 433 $BNB($270K), leaving 121.44M $STAR10(worth $33.5M, 12.14%… pic.twitter.com/5Gs39pYuQD

— Lookonchain (@lookonchain) March 2, 2025

Within minutes of acquisition, this same wallet sold one million tokens for 433 BNB ($270,000). The remaining tokens in this wallet were valued at approximately $33.5 million, representing a massive return on investment.

These trading patterns have raised eyebrows in the crypto community. They come amid heightened sensitivity following recent memecoin scandals, including the collapse of Libra (LIBRA).

The Libra token, which was endorsed by Argentine President Javier Milei, saw its value plummet 94% after eight insider wallets withdrew $107 million in liquidity shortly after launch. That incident resulted in roughly $4 billion in losses for investors.

Experts urge caution when investing in celebrity-backed tokens. Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum, told Cointelegraph that investors need to distinguish between memecoins that can be seen as genuine “collectibles” and “outright fraudulent activities” like rug pulls.

The STAR10 website emphasizes its long-term vision beyond mere speculation. The team promises that the token offers real value through its utility features and exclusive access to Ronaldinho-related experiences.

STAR10 reached an all-time high of $0.3855 during its initial trading period. The token’s rapid growth pushed its market capitalization beyond $360 million at its peak, attracting interest from investors across the crypto space.

As the project develops, market watchers will be monitoring insider wallet activities and project developments. The six-month lockup period for team and founder allocations will be a key milestone for assessing the project’s long-term commitment.

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