Ronaldinho Drops Star10 Token—Big Gains, Bigger Questions

Ronaldinho announced in a post on X, “Holding this token grants you exclusive experiences, real benefits, signed collectibles, and even my own AI Agent — built for those who want to be part of history”.

Star10’s structure includes a 5% fee on transactions, with the collected funds going toward charitable causes chosen by the community. While this aspect appealed to some buyers, the token’s allocation raised concerns.

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According to its official page, 35% of the total supply was set aside for insiders, with Ronaldinho receiving 20% and the project team getting 15%.

Despite skepticism, The Data Nerd pointed out that wallets holding most of the insider tokens had not sold any. Instead, they had added liquidity to trading pools, which helped support the market.

At launch, the token saw a price surge, reaching a market cap of $397 million within 10 hours before dropping to $274 million. However, security firm GoPlus Security had previously warned that the contract included a function allowing its creator to burn any holder’s tokens, which could have put investors’ assets at risk.

Meanwhile, a man climbed the Hollywood sign to promote the Solana-based meme token Vigilante (VIGI). What did the Vigilante team say about it? Read the full story.