- Ronaldinho enters crypto with STAR10, a Binance Smart Chain token offering exclusive perks.
- STAR10’s surge excites investors, but concerns rise over fairness in its early distribution.
- A connected wallet reportedly made $4.93M, raising concerns over early token distribution.
Football icon Ronaldinho has officially ventured into the crypto space with the launch of his Binance Smart Chain-based token, STAR10. The project promises exclusive perks such as signed collectibles, exclusive product drops, access to private events, and more. As of press time, STAR10 is trading at $0.29573, marking a 44.5% surge in the past 24 hours, drawing significant attention from investors and analysts.
STAR10 Market Performance
STAR10 has experienced a strong bullish trend, pushing its market capitalization to $22.81 million. Trading volume has crossed $45.32 million and its fully diluted valuation is $275 million. With a total supply exceeding 82 million coins, STAR10 has established itself as a notable player in the digital asset market.
In an X post on Monday, Ronaldinho expressed his excitement about the rapid advancement of STAR10, stating, “Now we’re TOP 1 on DEXSCREENER.” His post further heated the debate, as enthusiasts claimed that the project had grown big while others argued that early token distribution was far from fair.
Insider Gains from STAR10
Onchain Lens reported that an insider connected to Ronaldinho made significant gains from the token release. The platform revealed that a wallet purchased 20.79 million STAR10 tokens for 48 BNB ($29,247) shortly before the token’s price surged. The insider has already sold 119,278 STAR10, earning 54 BNB ($33,106), surpassing the initial investment. Despite these sales, the insider still holds 20.68 million STAR10, now valued at approximately $4.93 million.
Lookonchain identified an additional transaction linked to the STAR10 development team. The wallet 0x01D9…E14D used 80 BNB, which is about $50,000, to buy 122.45 million STAR10 tokens, which accounts for 12.24% of the total available supply.
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Shortly after, the wallet sold 1 million STAR10 for 433 BNB ($270,000) while retaining 121.44 million STAR10, valued at $33.5 million. Additionally, it transferred gas fees to a STAR10 team wallet, raising further concerns about insider trading and coordinated transactions.
Furthermore, the wallet address 0x01D9…E14d and the developer wallet 0xb36E…790d were involved in Allbridge transactions. This has raised concerns that some market participants may manipulate prices before executing large-volume sell orders. Market participants are closely monitoring STAR10’s activity to determine whether it will sustain its momentum or attract regulatory scrutiny.
