Ronaldinho Launches STAR10 Token on BNB Chain, Insider’s Investment Skyrockets

Brazilian football icon Ronaldinho has made his foray into the cryptocurrency space with the launch of STAR10, a digital token built on the BNB Chain.

Ronaldino announced his token in a post on X earlier today.

With a total supply of 1 billion tokens, STAR10 is intended to serve as a bridge between football and blockchain technology, granting holders access to exclusive challenges, rewards, and events.

Insider Trading Raises Questions

On March 2, 2025, a wallet linked to the STAR10 team conducted high-value transactions, raising speculation about potential price manipulation.

Blockchain analytics firm Lookonchain reported that at 14:30 UTC, the wallet spent 80 BNB ($50,000) to acquire 122.45 million STAR10 tokens, representing 12.24% of the total supply.

Shortly after, at 15:00 UTC, the same wallet sold 1 million tokens for 433 BNB ($270,000), leaving it with 121.44 million STAR10, valued at $33.5 million.

These transactions had a direct impact on STAR10’s market performance. Following the large purchase, the token’s price surged 15% from $0.35 to $0.40, as recorded by CoinGecko at 15:30 UTC.

However, the subsequent sale triggered a 10% price drop to $0.36 within 30 minutes. Trading volume spiked 300% from 5 million to 20 million tokens, per CoinMarketCap data at 16:00 UTC.

A wallet related to the $STAR10(@10Ronaldinho) team spent only 80 $BNB($50K) to buy 122.45M $STAR10(12.24% of the total supply). #STAR10

0x01D9…E14D spent 80 $BNB($50K) to buy 122.45M $STAR10 and sold 1M $STAR10 for 433 $BNB($270K), leaving 121.44M $STAR10(worth $33.5M, 12.14%… pic.twitter.com/5Gs39pYuQD

— Lookonchain (@lookonchain) March 2, 2025

Onchain Lens also found that a wallet linked to insider activity on Ronaldinho’s STAR10 token has turned an initial $29,247 investment into a staggering $4.94 million in unrealized gains.

In a post on X, it said that the insider spent 48 BNB to acquire 20.79 million STAR10 tokens.

So far, they have sold only 119,278 tokens for 54 BNB ($33,106), already securing a small profit while holding onto the majority of their holdings.

The remaining 20.68 million STAR10 tokens in their wallet are now valued at $4.93 million, highlighting the rapid price appreciation of the token.

An insider on @10Ronaldinho has made a profit of $4.94M.

This insider spent 48 $BNB ($29,247) to buy 20.79M $STAR10.

So far, the insider has sold 119,278 $STAR10 for 54 $BNB ($33,106). The insider still holds 20.68M $STAR10, valued at $4.93M.

Address:… pic.twitter.com/0h6BnxYLfz

— Onchain Lens (@OnchainLens) March 3, 2025

According to Dexscreener, STAR10 is currently priced at $0.2378, boasting a market capitalization of $237 million and fully diluted valuation of $237 million.

Ronaldinho has been a United Nations ambassador for Sport, Development, and Peace since 2006.

Meme Coins Were the Most Popular Crypto Narrative in 2024: CoinGecko

Meme coins dominated the crypto landscape in 2024, capturing nearly a third of investor interest, according to a CoinGecko report.

The study, which analyzed site traffic from January 1 to December 21, revealed that 31% of crypto-related searches centered around these highly speculative tokens.

Among the various trends, the “main meme coin narrative” alone accounted for 15% of interest, a notable increase of over six percentage points from 2023.

Solana-based meme coins followed closely as the fourth-largest category, with an 8% share of interest.

Additionally, other meme coin-related trends, such as those tied to Coinbase’s Base blockchain and AI-themed meme coins, ranked among the top narratives, further solidifying the sector’s prominence.