The recent announcement of the new STAR10 token by Ronaldinho sparked negative reactions in the crypto community, with Binance founder Changpeng Zhao also facing criticism.
Launch of STAR10 Token
Ronaldinho introduced his new STAR10 token in a post on X, emphasizing the opportunity to 'make history' and access exclusive benefits. However, the token soon faced insider trading allegations.
Market Reaction and Criticism of Zhao
Binance founder Changpeng Zhao attempted to distance himself from the STAR10 token situation, urging investors to be wary of scams. However, his remarks were met with criticism as many saw it as an implicit endorsement of the token.
Ronaldinho's Crypto Past
Previously, Ronaldinho was linked to several questionable crypto projects, including the scandalous '18kRonaldinho' project, accused of being a pyramid scheme. His involvement in such projects has negatively impacted his reputation.
The situation with the STAR10 token highlights the risks associated with investing in celebrity-endorsed tokens. The crypto community remains skeptical of projects that appear to capitalize on fame without real utility.
