Football legend Ronaldinho Gaucho is the latest public figure to launch his own cryptocurrency. He has been on a long list of celebrity-backed meme coins using his new Star10 token for the past few years.
Ronaldinho released the token Star10 (Star10) on the BNB chain yesterday (March 2nd). In X-Post, the World Cup winner said, “By winning this token, it was built for those who want to be part of history, earning this token, real profits, signed AI agents, and even your own AI agents.”
My new official token is here! It's time to celebrate greatness, passion, and a legendary spirit that never fades
Legends are not born… they are fake. And you can choose to be a part of it. Get $star10 now. Let's make history together! pic.twitter.com/91kbaxvmgs
– Ronaldinho (@10ronaldinho) March 2, 2025
STAR10 is rising surprisingly well considering other recent celebrity meme coins
STAR10 was about 16 hours ago at the time of writing, and after its launch with a five-digit market capitalization, it quickly reached around $250 million, earning more than 50 times the profit early enough to catch the launch.
There was then a short sale, bringing its market capitalization to around $160 million, but Star10 rose above $300 million before Dip was bought.
It now ranges from $200 million to $250 million, with volumes of over $40 million, and wasn't even a full 24-hour live show.
It's good to see Star10 holding well now, as the market is incredibly tired of constant rag pulls of synonyms with other celebrity meme coin launches.
Investor sentiment remains extremely vulnerable after the collapse of the $4 billion Libra, a meme coin approved by Argentine President Javier Mairay. More than 95% value plummeted after eight insider wallets withdrew their $107 million liquidity from the launch.
It's time to see whether the football legend is in the same situation as Mairay and all other celebrity meme coins, but the early signs are at least more promising than the previous ones.
(Gecko terminal)
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Ronaldinho memecoin toconemics and insider trading raises concerns from many people
One aspect that sparks skepticism in Ronaldinho's Star10 tokens is Toconemics. Many cybersecurity experts have expressed concern since its launch yesterday.
Star10 Meme Coin's Toconomy has raised several red flags among investors. According to the Token website, 35% of the token supply was allocated to insiders. This includes 20% in Ronaldinho and 15% in teams.
It should be noted that as part of the talk nemics, 5% of the STAR10 fee will be donated to the social causes selected by the token community.
This little gesture doesn't completely relax the crypto community, fearing Star10 will become just another Libra, Trump, etc.
Leading fraud:
#Ronaldinho Coin $star10 is trend #1.
As we predicted, it's total trash. The coins are in BSC – look at the distribution… only 4% remaining.
Don't come to us with “locked supply”. This is a massive scam.
Don't be surprised if it's big… pic.twitter.com/anxqx1djsv– $ MASTR Antiscam Crypto Movement (@mastrxyz) March 3, 2025
Around @lookonchain The release of X's account, Star10, was plagued by insider buying and selling. The team claims to have purchased more than $50,000 in 12% Star10 (122 million). Blockchain data shows that wallets sell 1 million Star10 tokens for $270,000.
The worrying part is that the price of the STAR10 has risen, so the remaining 121 million tokens owned by the wallet are currently worth more than $30 million. If this wallet starts dumping tokens, you can kill the project.
It also raised the initial concern that ownership of the contract was not waived. Web3 security company Goplus Security has warned early that the agreement allows the creator to be free to burn the holder's tokens, allowing them to effectively destroy investor assets without warning.
The contract has since been abandoned, which eliminates the risk of token destruction, but one wallet connected to the Ronaldinho team, which owns more than 10% of the supply, remains a source of concern.
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Ronaldinho, the legendary soccer player, will release “Star10” meme coin
The Star10 is not yet strong, but more than 10% of the supply held by one wallet
Celebrity crypto coin market sentiment is lower than ever after Argentinean president worked harder than $100 million on Libra Scam
The STAR10 chart looks good now, with trading volumes of over $40 million, but many expect a crash to be underway
Post-soccer legend Ronaldinho starts tokens with a 35% insider supply.
