Insider Supply: Ronaldinho Token Hits $397M Cap

March 15, 2025 by Jhon E. Bermúdez

It seems like everyone’s getting into crypto these days, and soccer superstar Ronaldinho Gaúcho is no exception! He’s the latest big name to jump on the celebrity memecoin bandwagon. Get this: Ronaldinho launched his very own memecoin called Star10 (STAR10) on the BNB Chain just recently, on March 3rd. In a post on X (you

It seems like everyone’s getting into crypto these days, and soccer superstar Ronaldinho Gaúcho is no exception! He’s the latest big name to jump on the celebrity memecoin bandwagon.

Get this: Ronaldinho launched his very own memecoin called Star10 (STAR10) on the BNB Chain just recently, on March 3rd.

In a post on X (you know, Twitter), Ronaldinho announced, “Want to be part of history? Holding Star10 is your ticket! You’ll get exclusive perks, real-world goodies, signed stuff, and even your own AI Ronaldinho agent!” You can check out his post for all the details.

Here’s a cool part: Star10 isn’t just about hype. They’re dedicating 5% of the token’s transaction fees to charities and social causes chosen by the Star10 community. Pretty neat, right?

And get this for early buzz: within just 10 hours of launching, Star10’s market value shot up to a whopping $397 million around 9:00 am UTC! It’s cooled down a bit since then, settling around $274 million, according to Dexscreener data.

*STAR10/WBNB, market cap, all-time chart. Source: Dexscreener*

However, even with the excitement, Ronaldinho’s entry into the memecoin world has sparked some worries, especially regarding how the token is set up and potential security risks.

Remember Javier Milei’s Libra (LIBRA) memecoin disaster? Investor confidence is still shaky after that $4 billion crash. Libra lost 94% of its value in hours after some insider wallets cashed out a massive $107 million right after launch.

Related: Solana down 45% since Trump token launch as memecoins divert liquidity

Ronaldinho’s memecoin raises security, tokenomics concerns

Looking closer, Star10’s token structure itself has raised eyebrows. A hefty 35% of all tokens are allocated to insiders – that’s 20% for Ronaldinho himself and 15% for the team, as detailed on the token’s homepage.

*Star10 tokenomics. Source: Start10token*

Interestingly though, on-chain analyst The Data Nerd pointed out in a recent X post that these major insider wallets holding Star10 haven’t sold anything yet. In fact, they’ve actually been adding more funds to the trading pools.

Related: Memecoins: From social experiment to retail ‘value extraction’ tools

Good news on the security front: blockchain security firm SlowMist reports that the creator has now given up control of the token’s smart contract.

Initially, security experts had flagged Star10 as risky because the ownership hadn’t been renounced. Web3 security firm GoPlus Security even warned that the contract’s setup gave the creator the power to wipe out any investor’s tokens at any time – a serious red flag, allowing them to essentially steal funds without warning.

While giving up ownership does remove that immediate threat of token destruction, the whole memecoin landscape is still being watched closely.

Anastasija Plotnikova, CEO and co-founder of blockchain regulation firm Fideum, advises investors to be careful. She told Cointelegraph that it’s important to tell the difference between memecoins that might be legitimate “collectibles” and “outright scams” like rug pulls. These scams aren’t just unethical, she emphasized, “they’re clearly illegal, and the law is there to back that up.”