Unlocking Financial Success: Ronaldinho’s Token Soars with 35% Insider Supply, Surpassing $397M Market Cap

On March 3, 2025, soccer legend Ronaldinho Gaúcho launched his official cryptocurrency, Star10 (STAR10), on the Binance Smart Chain. The token is designed to offer holders exclusive experiences, signed collectibles, and access to Ronaldinho’s AI Agent. ​

Market Performance

Within 10 hours of its launch, STAR10’s market capitalization peaked at $397 million before stabilizing around $274 million. The token’s trading volume exceeded $26 million, with over 82 million tokens circulating in the market. ​

Tokenomics and Insider Allocation

The token’s distribution has raised concerns due to a significant insider allocation:​

• Insider Allocation: 35% of STAR10’s total supply is allocated to insiders, with 20% designated for Ronaldinho and 15% for the development team. ​

• Insider Trading Allegations: On-chain data indicates that an insider wallet associated with Ronaldinho purchased approximately 20.79 million STAR10 tokens for 48 BNB (around $29,247). This wallet has sold a portion of these tokens, realizing profits, and still holds a significant amount valued at approximately $4.93 million. ​

Security Measures

Initially, security experts flagged potential risks, noting that the contract allowed its creator to burn any holder’s tokens. However, the token’s creator has since renounced ownership over the contract, mitigating these concerns. ​

Investor Caution

Given the substantial insider holdings and past controversies involving celebrity-endorsed tokens, investors are advised to exercise caution. Thorough research and due diligence are essential before engaging with such projects to mitigate potential risks.

In conclusion, while STAR10 presents unique opportunities for fans and investors, the significant insider allocation and associated trading activities necessitate careful consideration.