Celebrity Cryptocurrencies Under Fire: Ronaldinho Gaúcho’s $STAR10 Joins the Fray
Brazilian football icon Ronaldinho Gaúcho has unveiled his official cryptocurrency, $STAR10, despite lingering controversy from his past crypto-related ventures.
In 2023, Ronaldinho faced questioning in Brazil’s Parliamentary Commission of Inquiry (CPI) into financial pyramid schemes. He denied involvement with 18k Ronaldinho, a company accused of promising 400% monthly returns on crypto investments.
He claimed his image was licensed solely for a watch line. The contract was terminated when rumors of crypto marketing surfaced. The launch of $STAR10 coincides with a trend of celebrity-backed cryptocurrencies, many of which have faced criticism.
Notable examples include Donald Trump’s $TRUMP token, which briefly reached a $13 billion market cap before crashing, and Argentina’s Javier Milei promoting $LIBRA, which peaked at $4.5 billion before losing most of its value.
These cases have sparked investigations and legal challenges. Ronaldinho announced $STAR10 on Twitter, describing it as his “new and only official token.” Blockchain analytics platform Dex Screener reports that $STAR10 has a market cap of $10.4 million and trades at $0.12 per unit.
Unlike many celebrity-linked memecoins, $STAR10 is registered on Binance Smart Chain and marketed as a “utility token” offering access to rewards programs such as community competitions and private events.
$STAR10 Token Launch
The project plans a total supply of 1 billion tokens, with allocations for public purchase (20%), Ronaldinho (20%), liquidity pools (25%), development (15%), marketing (15%), and centralized exchanges (5%).
Developers have implemented safeguards to prevent “rug pull” scams by restricting token sales from key stakeholders. These restrictions will last for six months after the launch.
However, the token faced immediate criticism over a security flaw allowing developers to “burn” investor tokens at will. Binance founder Changpeng Zhao flagged the issue publicly, prompting developers to resolve the vulnerability swiftly.
While $STAR10 aims to leverage Ronaldinho’s global image for long-term Web3 innovation, its launch highlights ongoing scrutiny in the volatile crypto market. This is a critical area for investors and policymakers alike.
Live Market IntelligenceCrypto — Live Market Board
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Crypto — Live Market Board
-0.26%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| BTC | 63,384 | -0.26% | -47.24% | 63,552 | 64,346 | 63,305 | 22,774,743,040 |
| ETH | 1,886 | +0.26% | -58.90% | 1,881 | 1,920 | 1,879 | 7,916,475,392 |
| SOL | 75.89 | -0.40% | -60.44% | 76.20 | 76.99 | 75.39 | 1,473,821,056 |
| XRP | 1.01 | -1.15% | -69.07% | 1.02 | 1.02 | 1.01 | 1,144,044,416 |
| BNB | 609.60 | -1.12% | -26.81% | 616.50 | 619.30 | 609.23 | 1,266,706,432 |
| ADA | 0.18 | -1.98% | -78.22% | 0.19 | 0.19 | 0.18 | 238,085,632 |
| DOGE | 0.07 | -1.56% | -70.00% | 0.07 | 0.07 | 0.07 | 553,256,192 |
| AVAX | 6.38 | +1.04% | -74.11% | 6.32 | 6.42 | 6.21 | 248,470,560 |
| LINK | 8.77 | -0.06% | -62.73% | 8.77 | 8.87 | 8.68 | 317,054,880 |
| DOT | 0.78 | -0.75% | -81.11% | 0.79 | 0.80 | 0.78 | 43,490,492 |
| LTC | 45.08 | -0.85% | -65.45% | 45.47 | 45.59 | 44.98 | 143,727,712 |
| BCH | 213.85 | +0.10% | -65.44% | 213.64 | 215.69 | 212.54 | 137,956,688 |
| TRX | 0.34 | +0.28% | -4.73% | 0.33 | 0.34 | 0.33 | 436,576,064 |
| XLM | 0.16 | -1.33% | -64.46% | 0.16 | 0.16 | 0.16 | 89,559,864 |
| HBAR | 0.07 | -0.53% | -74.67% | 0.07 | 0.07 | 0.07 | 22,546,186 |
| NEAR | 1.65 | +2.42% | -40.55% | 1.62 | 1.68 | 1.61 | 187,591,264 |
| ATOM | 1.40 | -2.36% | -70.15% | 1.44 | 1.44 | 1.40 | 18,626,964 |
| AAVE | 89.06 | +0.93% | -72.33% | 88.24 | 90.20 | 88.19 | 129,099,704 |
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