Former football star Ronaldinho has announced the launch of his official STAR10 token on the BNB Chain blockchain, marking his entry into the Web3 world.
What is STAR10?
STAR10 is Ronaldinho's official cryptocurrency token combining football, Web3, and fan engagement. It offers signed memorabilia, digital collectibles, exclusive VIP experiences, and community-driven initiatives.
Tokenomics Breakdown
STAR10 has a total supply of 1 billion tokens, distributed as follows: 25% - liquidity, 20% - public sale, 20% - allocated to Ronaldinho, 15% - marketing and operations, 15% - development team, 5% - centralized exchanges. Additionally, 5% of project fees will go towards charitable causes, with the community deciding the allocation.
Insider Trading Allegations and Market Volatility
Following its launch, STAR10's market cap soared to $300 million but soon fell to $200 million, raising suspicions about token stability. Blockchain analytics platforms like Onchain Lens and Lookonchain reported suspicious transactions related to the token. Insider trading cases were uncovered where team-related wallets made questionable trades manipulating the token’s price.
While STAR10 has the potential to revolutionize fan engagement through Web3, early warning signs raise concerns. Investors should proceed with caution and monitor the project’s transparency and execution closely.
