Brazilian football legend Ronaldinho Gaúcho launched a new crypto currency on BNB Chain, Star10 Token. Token promised to offer special advantages to fans, Ronaldinho invited his fans to participate in this new initiative by introducing the project on social media. However, the debate with the footballer in the past with crypto projects, Star10’un shadowed the release of the shadow.
Star10 Token attracted great attention at the launch
The Star10 Token gained more than 20 %value immediately after its release and rose to $ 0.356. Token, which is traded instantly at $ 0.13 levels, has experienced a 34 %decrease since the launch.
Token’s circulating supply exceeded 80 million, while the market value fell to $ 10 million. The completely diluted market value of the project is calculated as $ 130 million. According to Coingecko data, Token’s transaction volume exceeded $ 29 million and continues to attract investors.
Ronaldinho’s crypto history is controversial
Ronaldinho was previously referred to with projects such as World Cup Inu, Atari Chain and Lord Society NFT. It is also known to support Memecoins such as Water and Baby Doge. Lionel Messi was one of the supporters who supported Water Coin.
However, the biggest scandal was the 61 million dollars of bliss chain called 18kronaldinho. The project, which collected funds with 2 %earnings for investors, turned into a large fraud scandal. Ronaldinho argued that his name and image were used without permission.
Memecoin craze and the location of Star10
The release of the Star10 Token coincided with the same period with the great rise in the Memecoin sector. In 2024, the market value of Memecoins such as Doge, Shıb and Pepe had reached billions of dollars and had a major increase. Likewise, Memecoin fury has been continuing recently.
This rise, social media influence, support of famous names and viral trends were supported. According to DWF Labs, community participation and aggressive marketing strategies play a critical role in the success of such projects. In particular, Twitter and Tiktok provide rapid spread of projects, while influencers continue to have a major impact on the Memecoin market.
