Soccer legend Ronaldinho Gaúcho is the newest public determine to launch their very own cryptocurrency. He joins an extended record of celebrity-backed meme cash over the previous few years together with his new STAR10 token.
Ronaldinho launched his token, Star10 (STAR10) on the BNB Chain late yesterday (March 2). In an X publish the World Cup winner stated “Holding this token grants you unique experiences, actual advantages, signed collectibles, and even my very own AI Agent — constructed for many who wish to be a part of historical past.”
My new one and ONLY OFFICIAL token is HERE! It’s time to rejoice greatness, ardour, and that legendary spirit that NEVER fades Legends usually are not 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 Nicely Contemplating Different Latest Celeb Meme Cash
STAR10 is round 16 hours outdated on the time of writing and after launching with a five-figure market cap, it rapidly mooned to round $250 million, with positive aspects of greater than 50x for many who had been early sufficient to catch the launch.
There was then a quick 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 stay for a full 24-hours.
With the market extremely jaded by different celeb meme coin launches and the fixed rug pulls which might be synonymous with them, it’s good to see that STAR10 is holding properly 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 results in the identical state of affairs as Milei and each different celeb meme coin however the early indicators are a minimum of 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 facet of Ronaldinho’s STAR10 token inflicting some scepticism, are the tokenomics. Many cybersecurity professionals have voiced issues because the launch yesterday.
The Star10 meme coin’s tokenomics raised some purple 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 group.
It must be famous that, as a part of its tokenomics, 5% of Star10 charges shall be donated to social causes chosen by the token’s neighborhood.
This small gesture isn’t absolutely assuaging the crypto neighborhood 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’—this can be a large rip-off. Do not be stunned if huge… 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 group purchased greater than 12% 122 million STAR10) of the availability for $50,000. Blockchain information exhibits that the pockets has bought 1 million STAR10 tokens for $270,000.
The worrying half is that as a result of elevated worth of STAR10, the remaining 121 million tokens owned by that pockets are at present value over $30 million. If this pockets begins dumping its tokens, it might probably 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 property with out warning.
The contract has since been renounced, and whereas this eliminates the danger of token destruction, one pockets related to the Ronaldinho group that owns over 10% of the availability remains to be a trigger for concern.
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Soccer legend Ronaldinho launches 'STAR10' meme coin
STAR10 hasn’t rugged as of but, however over 10% of the availability held by a single pockets
Market sentiment for celeb crypto cash is at an all-time low after Argentina’s president rugged over $100m in LIBRA rip-off
Chart for STAR10 at present appears good, with over $40m in buying and selling quantity, however many count on a crash is on the best way
The publish Soccer Legend Ronaldinho Launches Token With 35% Insider Provide: However No Rug Pull But appeared first on 99Bitcoins.
