Ronaldinho Gaúcho announced the launch of the one and only official meme token, known as STAR10. The token already started trading with decentralized pairs on the BNB Smart Chain. Ronaldinho’s token is already live and trading. The new asset, STAR10, was launched on the BNB Smart Chain, reflecting the trend of moving away from Solana (SOL). Ronaldinho held the ball on launching a meme, after the general celebrity trend had already passed. This time, the STAR10 token aims to tap renewed demand for high-profile memes on BNB Smart Chain. The token announced its official CA as 0x8B9ABDD229ec0C4A28E01b91aacdC5dAAFc25C2b. Trading is already gaining speed on PancakeSwap. The token was launched independently and was not a part of the Four.meme ecosystem. The launch arrives just three days after Ronaldinho teased he may launch a celebrity meme token . Ronaldinho’s token went through rapid rallies, but whales used the price expansion to sell. | Source: Dexscreener. Ronaldinho’s interest in crypto also spread to the NFT space, as he released the Shirtum collection. The collection is expected to start minting after March 28. Previously, Ronaldinho collectible cards have been minted as NFTs unofficially. Whales lock in gains with the first STAR10 pump STAR10 behaved as a usual meme token, launching with a sub-penny price and rising to $0.38. Later, the asset sank again to $0.27. For the first 10 hours of trading, the token’s pool locked in more than $20M in liquidity. The token onboarded 9,335 buyers already, most of them directly through the PancakeSwap pairing. Whales were already selling into the rally, as the top trader liquidated all tokens, locking in $1.5M in gains. The selling happened during the initial climb of STAR10 from its lows, just after the trading started. The whale was also one of the first sniper addresses , which bought the tokens seconds after the launch. The top whale’s wallet was created 77 days ago, but became active only after February 20. The wallet was mostly busy with BNB meme tokens, with a strategy of rapid buying and selling. STAR10 switches off ownership-renouncing code Just hours after the launch of STAR10, the crypto community noticed a worrying feature of the token. The smart contract auditors at Go Plus Security noted the token contained code that allowed the issuer to retain ownership and burn any of the previously sold tokens. STAR10 does not follow the chief rule of on-chain ownership – that it is censorship-free and cannot be centrally revoked. With STAR10, any buyer can have their assets revoked and burned without warning. While this is a usual feature for some tokens, freezing and burning meme assets has not been noticed before, even for celebrity tokens. ⚠️ SECURITY ALERT ⚠️ @10Ronaldinho ‘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. To @10Ronaldinho team: Please… pic.twitter.com/XLrU671nbi — GoPlus Security (@GoPlusSecurity) March 3, 2025 There are no official warnings that the holder has the power to change a user’s balance at will. There is also no plan for a fair launch or allocation, as STAR10 was sniped and early retail buyers essentially transferred their liquidity to whales. After the code’s flaws came to light, the Ronaldinho team responded immediately. Through an X statement, the team announced the feature has been revoked and ownership is now immutable, with no centralized control. The announcement arrived after Binance’s founder Changpeng ‘CZ’ Zhao reiterated the warning of the potential to burn tokens through a team-controlled contract. Paradoxically, a mention by Zhao drove STAR10 to rally again, trading above $0.30. STAR10 behaves like an insider project Less than a day after its launch, the STAR10 token was already getting shorted by traders, who expect a much larger price drop. The reason was the residual skepticism for celebrity tokens, which end up using fans as exit liquidity. The token’s site promises some utility for holders, including token-based games and additional airdrops. However, the immediate launch on a DEX and the early sniping undermined the idea of long-term holders. Even in the early hours of trading, buyers had to absorb 25% losses. The other big problem is that STAR10 looks like it was sniped by a concentrated group of whales, suspected to be insiders. An estimated 80% to 86% of the supply is held in those wallets and sold to the market, putting pressure on the price. The team stated initially that its allocation would be locked for 30 days , with the option to extend the holding period. Later, Ronaldinho’s team announced the liquidity will be locked forever. However, this did not solve the issue of snipers and early whale buyers, who may have been aware of the upcoming launch. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
