Former Brazilian footballer Ronaldinho has officially launched his STAR10 token on the BNB Chain, marking his entry into the Web3 world.
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, and AI-driven insights for fans.
STAR10 Tokenomics
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 exchange. Additionally, 5% of project fees will be allocated to charitable causes, with the community deciding the allocation of funds.
Market Volatility and Insider Trading Allegations
Following its launch, STAR10's market cap surged to $300 million but quickly dropped to $200 million, raising concerns among investors. Blockchain analytics platforms reported suspicious transactions linked to the token, suggesting insider trading. High-value transactions on the launch day influenced the token's price, leading to speculation about market manipulation.
Whether STAR10 becomes a long-term project in the Web3 world or just another celebrity-backed token is yet to be seen. Despite the potential associated with Ronaldinho and his project, investors are advised to cautiously evaluate risks and monitor the team's transparency.
