Ronaldinho Launches STAR10 Token Amid Security and Trading Concerns

Highlights:

• Ronaldinho has launched STAR10, a crypto token that bridges the gap between blockchain and football.
• Insider trading concerns grew after wallets linked to STAR10 made high-value transactions before the public launch.
• Ronaldinho has faced past crypto controversies, which include failed projects and an alleged pyramid scheme that led to a lawsuit.

Former Brazil footballer Ronaldinho has rolled out the STAR10 crypto token on the BNB blockchain. The token will bridge the gap between football and the blockchain by providing holders access to exclusive events, rewards, and challenges. STAR10 has a total supply of one billion tokens.

My new one and ONLY OFFICIAL token is HERE! It’s time to celebrate greatness, passion, and that legendary spirit that NEVER fades 😎Legends are not born… THEY ARE FORGED. And YOU can choose to be a part of it. Get your $STAR10 NOW. Let’s make history together!… pic.twitter.com/91KbaXVmgS

— Ronaldinho (@10Ronaldinho) March 2, 2025

Shortly after its launch, trading activity around STAR10 increased. A wallet linked to the STAR10 team made significant purchases. At 14:30 UTC, the wallet spent 80 BNB ($50,000) to acquire 122.45 million tokens. This represented 12.24% of the total supply.

A wallet related to the $STAR10(@10Ronaldinho) team spent only 80 $BNB($50K) to buy 122.45M $STAR10(12.24% of the total supply). #STAR10

0x01D9…E14D spent 80 $BNB($50K) to buy 122.45M $STAR10 and sold 1M $STAR10 for 433 $BNB($270K), leaving 121.44M $STAR10(worth $33.5M, 12.14%… pic.twitter.com/5Gs39pYuQD

— Lookonchain (@lookonchain) March 2, 2025

According to CoinGecko, the market reacted quickly as the token’s price rose by 15%—from $0.35 to $0.40. However, within 30 minutes, a sell-off saw the price drop 10% to $0.36. An address linked to early trades on STAR10 turned an initial $29,247 investment into $4.94 million in unrealized gains.

Large Early Trades Spark Questions About Insider Transactions

Some blockchain analytics firms noticed strange trading activity. Before the official announcement, a wallet linked to the STAR10 team made transactions of high value. The wallet purchased 122.45 million tokens at 14:30 UTC, as per Lookonchain data, but sold one million for 433 BNB ($270,000).

The remaining 121.44 million tokens in the wallet were valued at $33.5 million. Market analysts pointed out that such trading patterns may indicate price manipulation. Onchain Lens has also reported another case of suspicious trading. A wallet linked to an insider turned a small investment into millions. This insider bought 20.79 million STAR10 tokens for 48 BNB ($29,247).

An insider on @10Ronaldinho has made a profit of $4.94M.

This insider spent 48 $BNB ($29,247) to buy 20.79M $STAR10.

So far, the insider has sold 119,278 $STAR10 for 54 $BNB ($33,106). The insider still holds 20.68M $STAR10, valued at $4.93M.

Address:… pic.twitter.com/0h6BnxYLfz

— Onchain Lens (@OnchainLens) March 3, 2025

Previous Cryptocurrency Ventures Linked to Ronaldinho

Ronaldinho has been previously involved in many crypto offerings before STAR10. He launched the RON token; however, the project failed to take off. He also promoted World Cup Inu, a memecoin tied to the FIFA World Cup, in the same year. Initially, the token surged, but later it crashed by 50%.

Ronaldinho was accused of being involved in a pyramid scheme called ‘18kRonaldinho’. Investors were promised a return of 2% per day by the scheme. The project failed, and it led to a $61 million lawsuit. Ronaldinho denied any involvement with the project and said his name and image had been used without his permission.

There were also security risks surrounding STAR10 when it was launched. A serious issue was flagged by GoPlus Security in the token’s smart contract. The contract allowed the owner to burn tokens belonging to any holder at will.

⚠️ SECURITY ALERT ⚠️ @10Ronaldinho's STAR10 coin has a serious security risk!
GoPlus found that the owner can burn ANY holder's tokens at will. Since ownership has not been renounced, all tokens are at risk of being destroyed without warning.
To @10Ronaldinho team: Please… pic.twitter.com/XLrU671nbi

— GoPlus Security (@GoPlusSecurity) March 3, 2025

STAR10 has been gaining traction despite the controversies at its launch. Its market capitalization has climbed to $237 million. However, previous crypto ventures and insider trading concerns continue to be matters of investor concern. Some traders believe that celebrity tokens are losing their value due to the rising cases of pump and dump in the market. The recent case of the LIBRA token, which was linked to President Javier Milei, has drawn criticism over whether meme coins are being used for rug pulls.