Legendary footballer Ronaldinho Gaúcho officially enters the crypto world with the launch of Star10 (STAR10), his own memecoin deployed on the BNB blockchain. In just ten hours, this token has enjoyed success, temporarily reaching a diluted marketcap of $397 million.
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The new Star10 token gets off to a flying start on the BNB blockchain
Launched on March 3 on the BNB channel, the memecoin Star10 (STAR10) from Ronaldinho was an immediate success on the market. Within just 10 hours of its introduction, the token reached a diluted marketcap of $397 million, before plummeting. This rather remarkable performance comes at a time when cryptocurrencies linked to public figures are gaining in popularity, despite the associated risks.
Via his X account, the Ballon d’Or 2005 and former FC Barcelona player presented his project as much more than just a cryptocurrency.
Holding this token offers exclusive experiences, real benefits, signed collectibles and even my very own AI agent – designed for those who want to be part of history.
The project also has a charitable dimension, with 5% of transaction fees going to social causes chosen by the community.
Security concerns in a context of growing mistrust
Despite its initial success, the token immediately raised concerns among industry observers, particularly regarding its distribution structure. According to the official project page, 35% of the total offer was allocated to insiders, with 20% going to Ronaldinho himself and 15% to the team. A distribution that raises questions in a market already reeling from controversial practices.
These concerns are part of a particularly tense context after the recent collapse of memecoin Libra (LIBRA), backed by Argentine president Javier Milei. This token saw its value plummet by 94% when eight insider portfolios withdrew $107 million in liquidity shortly after its launch, generating an estimated $4 billion in losses across the entire market.
Security analyses initially identified Star10 as potentially risky. The security company Web3 GoPlus Security warned that the contract allowed its creator to destroy the tokens of any holder without notice. Although the creator has since renounced ownership of the contract according to SlowMist, another blockchain security company, onchain analyst The Data Nerd noted that five portfolios of initiators holding the majority of tokens did not sell their holdings and instead added liquidity to the exchange pools.
Against this uncertain backdrop, new regulations may soon govern memecoins linked to public figures. In the United States, the Democrats in the House of Representatives are preparing legislation, the MEME Act, aimed at prohibiting government officials from issuing or sponsoring digital assets, reflecting growing concerns about the use of political influence for financial gain in the Bitcoin and crypto ecosystem.
As a journalist at Coinpri, I’ve been captivated by the world of bitcoin and blockchain since 2020. The decentralized aspect of Bitcoin particularly piqued my interest. Since then, I’ve been working constantly to spread my knowledge, hoping one day to see a world where everyone fully enjoys their financial freedom.
