Former Brazilian football star Ronaldinho has officially launched his STAR10 token on BNB Chain, marking his entry into the Web3 world. The launch comes after warnings about fake meme coins using his name, while promising fans unique experiences and digital assets.
What is STAR10?
STAR10 is Ronaldinho’s official crypto token, blending football, Web3, and fan engagement. It offers signed memorabilia, digital collectibles, exclusive VIP experiences such as meet-and-greets and behind-the-scenes access, and AI-powered insights for fans.
Tokenomics of STAR10
STAR10 has a total supply of 1 billion tokens, distributed as follows: 25% for liquidity, 20% public sale, 20% allocated to Ronaldinho, 15% for marketing and operations, 15% for the development team, and 5% for centralized exchange (CEX) allocation. 5% of project fees will be directed towards charitable causes chosen by the community.
Insider Trading Allegations
Following its launch, STAR10’s market cap skyrocketed to $300 million, but soon plummeted to $200 million, raising concerns about the token's stability. Blockchain analytics platforms reported suspicious transactions linked to the token, indicating potential insider involvement. Investigations found that a wallet associated with the STAR10 team executed high-value transactions that manipulated the token’s price.
While STAR10 has the potential to revolutionize fan engagement through Web3, the early red flags like insider trading allegations cannot be ignored. Investors are advised to proceed with caution and closely monitor the project’s transparency and execution.
