Ronaldinho Launches STAR10 Cryptocurrency Amid Security Concerns
Football legend Ronaldinho has launched a new cryptocurrency called STAR10, designed to offer unique experiences for fans. The token aims to provide access to signed memorabilia, exclusive experiences, and an AI-powered agent connecting fans to football history.
Key points include:
- STAR10 quickly gained popularity, reaching the top position on DEXSCREENER.
- Changpeng Zhao (CZ), founder of Binance, warned that STAR10 is valid only on the BNB Chain, cautioning against counterfeit versions on other networks.
- Blockchain security firms identified risks, including the owner's former ability to burn any holder's tokens at will.
- In response, Ronaldinho's team relinquished this burning privilege and extended the token lock from 30 days to 255 years.
- On-chain analytics revealed a wallet associated with STAR10 made a large transaction, raising concerns about insider trading and potential market manipulation.
- As of now, the market capitalization of STAR10 stands at $23.9 million, with its price increasing by over 36% in the last 24 hours.