After a rocky launch, Brazilian footballer Ronaldinho’s STAR10 meme coin surged 150% after he addressed earlier security concerns. However, some in the community remain skeptical due to past allegations.
Binance founder CZ also mentioned the project, drawing attention to it, even though his statement didn’t provide much praise. This highlights the rather chaotic cycle of today’s meme coin ecosystem.
Ronaldinho Launches STAR10 Meme Coin
Meme coins are extremely popular in the crypto market right now, and sports-based tokens have existed for years. In 2022, there were enough fan tokens for Binance to launch an index, and some of these old projects have resurged in today’s climate.
However, Ronaldinho’s STAR10 token has had a rocky launch thanks to security concerns.
“Ronaldinho’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. Please renounce ownership immediately to protect your community. Traders, exercise extreme caution with this token,” GoPlus Security claimed.
Ronaldinho launched the STAR10 token earlier today exclusively on BNB Chain. However, a wave of fake tokens took off, attempting to siphon interest and money from the footballer’s fanbase.
Since the launch was already clouded by these scams, Ronaldinho acted quickly to guarantee the security of the genuine project.
The football legend renounced ownership of STAR10, and also locked the tokens for 255 years. This addressed GoPlus’ main security concern that tokens could be destroyed or created without warning.
In response to this, the meme coin surged 150% before cooling off slightly.
Another surprising source helped fuel the meme coin’s price gains. CZ, former CEO of Binance, made a post about the token, which helped fuel interest.
He claimed he has been a personal fan of Ronaldinho for 20 years, and that STAR10 was launched on BNB Chain. Otherwise, he emphasized that there was no relationship, and didn’t make any actual positive statements on the coin.
Nonetheless, CZ has a huge presence in the crypto community. His offhanded social media statements have fueled giant meme coin races in the last month, and acknowledging this project at all helped draw attention to it.
In short, STAR10 may be doing well now, but there is still skepticism about Ronaldinho’s alleged past involvement in sketchy projects. Overall, it adds another new narrative to the ongoing celebrity meme coin saga.
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