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.
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.
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.
The post Ronaldinho Launches STAR10 Token on BNB Chain, Insider’s Investment Skyrockets appeared first on Cryptonews.
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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.
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.
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.
The post Ronaldinho Launches STAR10 Token on BNB Chain, Insider’s Investment Skyrockets appeared first on Cryptonews.
Read More