Isabella García
Renowned football star Ronaldinho Gaúcho has unveiled his official memecoin, STAR10, on the BNB Chain. According to an announcement on X, Ronaldinho stated that STAR10 is his only authorized cryptocurrency, designed to celebrate excellence and passion.
The token’s website reveals a total supply of 1 billion tokens, offering holders access to exclusive challenges, rewards, and events associated with the football icon.
Shortly after launch, concerns surfaced regarding the STAR10 token’s smart contract, which initially included a controversial feature allowing developers to burn user holdings and revoke balances.
Blockchain security firm GoPlus Security flagged this as a major risk, warning that such control contradicts the decentralized principles of cryptocurrency.
“Ronaldinho’s STAR10 coin presents a serious security risk! Our analysis shows that the token’s owner can burn any holder’s assets at will. Since ownership hasn’t been renounced, all tokens are at risk of sudden destruction. The @10Ronaldinho team must renounce ownership immediately to safeguard the community,” GoPlus Security posted.
Following the backlash, the STAR10 team addressed the issue by renouncing ownership of the smart contract, effectively removing any centralized control over its functions. GoPlus Security later confirmed that the risk had been mitigated, stating:
“Ownership has now been renounced, eliminating any smart contract-level risks.”
Suspicious Trading Activity Raises Red Flags
Despite the security fix, concerns about insider trading emerged when on-chain data revealed that a wallet linked to the STAR10 team purchased a significant amount of tokens before the public launch.
According to Lookonchain data, a wallet spent 80 BNB (approximately $50,000) to acquire 122.45 million STAR10 tokens—12.24% of the total supply—at 14:30 UTC, just hours before the official announcement.
The transaction’s timing has sparked speculation about potential price manipulation, with critics questioning whether certain insiders gained an unfair advantage before retail traders had access to the token.
Ronaldinho’s History With Crypto Controversies
This isn’t the first time Ronaldinho’s name has been linked to crypto-related controversies.
In 2023, the footballer distanced himself from an alleged Ponzi scheme, “18k Ronaldinho”, which falsely used his likeness to promise investors up to 400% returns. Ronaldinho later testified before a legislative commission, claiming he was a victim and had not authorized the use of his name in the fraudulent scheme.
As Ronaldinho steps further into the crypto space with STAR10, the project remains under scrutiny, with traders and analysts closely monitoring its legitimacy and long-term viability.
