Football icon Ronaldinho’s new STAR10 cryptocurrency promises exclusive fan experiences, but security experts have identified risks including initial burn functions and suspicious wallet activity.
By Temitope Olatunji
Edited by Marco T. Lanz
Updated
3 mins read
Football legend Ronaldinho has introduced a new cryptocurrency, STAR10, aiming to provide unique experiences for fans. While the meme coin has gained attention, security concerns and warnings from industry experts have urged potential investors to exercise caution.
Ronaldinho announced the launch of STAR10 on X, describing it as more than just a digital asset. He framed it as a project built on dreams and legacy, offering token holders access to special perks, including signed memorabilia, exclusive experiences, and an AI-powered agent designed to connect fans with football history.
My new one and ONLY OFFICIAL token is HERE! It’s time to celebrate greatness, passion, and that legendary spirit that NEVER fades 😎Legends are not born… THEY ARE FORGED. And YOU can choose to be a part of it. Get your $STAR10 NOW. Let’s make history together!… pic.twitter.com/91KbaXVmgS
— Ronaldinho (@10Ronaldinho) March 2, 2025
The meme coin’s popularity quickly grew, reaching the top position on DEXSCREENER. However, security concerns emerged soon after. Binance founder Changpeng Zhao (CZ) warned that STAR10 is only valid on the BNB Chain, cautioning users against counterfeit versions on other networks. Given the unpredictable nature of meme coins, he advised investors to be wary of market risks.
This post is NOT an endorsement. It's a security reminder and disclaimer. (中文👇)
@10Ronaldinho's STAR10 coin was launched on @BNBChain EXCLUSIVELY.Other chains' coins are fake. Beware of scammers.
Meme coins are highly volatile, and recent volumes have decreased… https://t.co/RVxHT5tStI
— CZ 🔶 BNB (@cz_binance) March 3, 2025
Blockchain security firms GoPlus Security and SlowMist flagged additional security issues. They discovered that the token’s contract initially allowed the owner to burn any holder’s tokens at will, raising concerns that investors’ funds could be seized without warning. GoPlus stated:
“10Ronaldinho’s STAR10 coin has a serious security risk! GoPlus found that the owner can burn ANY holder’s tokens at will. Since ownership has not been renounced, all tokens are at risk of being destroyed without warning.”
Following these concerns, Ronaldinho’s team took steps to reassure the community. They announced that they had given up their ability to burn tokens, removing that particular risk. Additionally, they have extended the token lock period from the initial 30 days to 255 years. The former Barcelona player wrote:
“Ownership was not renounced? Now it is! Tokens cannot be destroyed without warning. 30 days was not enough? Now it’s locked for 255 years. Security isn’t a detail — it’s a priority.”
On-chain analytics firm Lookonchain revealed that a wallet associated with the STAR10 token made a significant transaction, spending 80 BNB ($50K) to acquire 122.45 million STAR10, representing 12.24% of the total supply. The wallet later sold 1 million tokens for 433 BNB ($270K), retaining 121.44 million STAR10 worth $33.5 million.
The wallet also sent a small amount of BNB to a STAR10 team wallet for gas fees. Lookonchain noted that both this wallet and the developer wallet received funds from Allbridge, suggesting a connection between them. This raises concerns about insider accumulation, potential price manipulation, and the risk of future large sell-offs affecting the token’s price.
According to CoinGecko data, the STAR10 meme coin’s market capitalization currently stands at $23.9 million. The token’s price has increased by more than 36% in the past 24 hours.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
