Emre Yumlu 
Ronaldinho token raises tokenomics and security concerns following recent celebrity-endorsed memecoin scandals.
Ronaldinho’s New Memecoin Star10: Rapid Value Surge and Security Concerns
Football legend Ronaldinho Gaúcho has joined the ranks of celebrities endorsing memecoins by launching his own cryptocurrency. On March 3, Ronaldinho introduced the Star10 (STAR10) memecoin on the BNB Chain, offering token holders unique benefits, including exclusive experiences, signed collectibles, and even his own AI Agent.
Ronaldinho presented the token as an opportunity for those wanting to be a part of history. Additionally, it was announced that 5% of Star10’s revenue would be donated to social causes selected by the token’s community.
The token saw a surge in interest, reaching a market cap of $397 million just 10 hours after its launch. However, its value later dropped to $274 million. This sudden change raised tokenomics and cybersecurity concerns among industry observers.
Investors have become more cautious, particularly due to recent scandals. Examples like Libra (LIBRA), supported by Argentine President Javier Milei, which lost 94% of its value shortly after launch, have damaged investor sentiment.
Star10’s tokenomics have raised some doubts among investors. 35% of the token supply is allocated to insiders, with 20% for Ronaldinho and 15% for his team. However, the five insiders holding the majority of Star10 tokens have opted to add liquidity to trading pools instead of selling the coins.
While this has been seen as a positive move by some experts, there are still concerns regarding the token’s security.
Security and Legal Concerns in Memecoin Investments: Investors Must Be Cautious
Initially, security experts considered the token a high-risk investment due to the lack of ownership renouncement in the token contract. Web3 security firm GoPlus Security highlighted the risk of the creator potentially destroying investors’ tokens at any time. However, the token’s creators addressed this issue by renouncing ownership.
While the renouncement eliminated the risk of token destruction, caution is still advised in the memecoin market.
Anastasija Plotnikova, CEO of blockchain regulation firm Fideum, pointed out that investors might struggle to distinguish “real collectibles” from “fraudulent activities” when it comes to memecoins.
Plotnikova emphasized that “rug pulls” are not only unethical but also illegal, urging investors to be vigilant when identifying safe and legal memecoin projects.
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