$STAR10 – Pump, Dump, or Just Another Celebrity Rug?

[Daisycrypt202]

So, let’s talk about $STAR10. Ronaldinho’s official token launched on BNB Chain recently, pumped to $0.39, then dumped over 50% now sitting at $0.1389. Now that the dust is settling, it’s time to actually look at what’s happening beyond just the name attached to it.

The tokenomics are… questionable 70% of supply is in insider hands, with 20% going to Ronaldinho himself. That kind of distribution usually puts investors on edge because it means a lot of the supply is controlled by a few players. If they decide to sell, the market could get wrecked. But at the same time, some argue that having the football legend himself holding a large portion means he has a vested interest in the token’s success….

Then there’s the burn function, contract allows the owner to burn tokens at will. Not exactly what we want to see in a “safe” project. Either an oversight or something bigger at play, I can’t tell

Then there’s the price action, Some say it’s just the usual post-launch correction, others think it’s already on its way to irrelevance.

The biggest question is, what’s the actual plan for this token? Right now, outside of the branding and the name attached to it, there doesn’t seem to be a clear long-term roadmap. Is this a hold Or we all staying away completely?

[Fivestar4everMVP]

I personally decide to stay away from the Star10 meme coin created by the former Brazilian football player, because for now, I believe this token to be nothing other than another celebrity rug token in the making.

Am I following this dude on X and everything about this token right from when he made the first announcement of it, and thank goodness I did not rush to buy into it, I simply watched it for a while and decided it will definitely turn into another celebrity rug, except the former football star decided to build a utility project around the token, he is simply looking for ways to enrich himself more through cryptocurrency.

[Stompix]

So, let’s talk about $STAR10. Ronaldinho’s official token launched on BNB Chain recently, pumped to $0.39, then dumped over 50% now sitting at $0.1389. Now that the dust is settling, it’s time to actually look at what’s happening beyond just the name attached to it.

$0.03256   -50.02% (1d)

Another cashgrab scam from a celebrity, already done, now it's time for the leftovers and the usual vultures to draw whatever liquidity is there with bots.
But some will never learn, ever!!!!

[LogitechMouse]

The tokenomics are… questionable 70% of supply is in insider hands, with 20% going to Ronaldinho himself. That kind of distribution usually puts investors on edge because it means a lot of the supply is controlled by a few players. If they decide to sell, the market could get wrecked. But at the same time, some argue that having the football legend himself holding a large portion means he has a vested interest in the token’s success….

Then there’s the burn function, contract allows the owner to burn tokens at will. Not exactly what we want to see in a “safe” project. Either an oversight or something bigger at play, I can’t tell

This alone is a red flag for me already. Also, holding 20% doesn't mean that he's interested in the project at all, but the other thing which is, he believe that many investors will jump in and buy his token knowing that he's involved in the project and when the time comes, he will sell it on to the investors' faces, and I guess that's what's happening right now with the recent dump. Tokenomics isn't questionable, but kinda sus.

The biggest question is, what’s the actual plan for this token? Right now, outside of the branding and the name attached to it, there doesn’t seem to be a clear long-term roadmap. Is this a hold Or we all staying away completely?

If you're in it for profit then go. If you're thinking of it as a good long term or even a mid term coin to hold, I would suggest to stay away.

[hugeblack]

Ronaldinho is a football legend and deserves respect and encouragement for his talent, but that doesn’t mean he can steal investors’ money by promising them that just because his name is next to the token, it will continue to rise. I can understand launching a donation campaign and having cryptocurrencies donated to them, but creating a token is closer to stealing, especially if there are promises of quick profits.

[Mr. Magkaisa]

      -     Another meme coin has made a splash in the market right now, and there are definitely many who are FOMO-ing and crying about their
funds being drained little by little.

Especially those who bought at a price that was still high.Its collapse will continue, because if investors were to invest in meme coins, they should be doing it in the short term, not the long term, because they will definitely burn their capital for it.

[bitterguy28]

The tokenomics are… questionable 70% of supply is in insider hands, with 20% going to Ronaldinho himself. That kind of distribution usually puts investors on edge because it means a lot of the supply is controlled by a few players. If they decide to sell, the market could get wrecked.

with this amount of distribution i am almost certain that they will try to sell as fast as they can when the price rise enough to their liking i am surprised that ronaldinho only accepted 20% of the allocation when the very core of the project is very dependent on him

But at the same time, some argue that having the football legend himself holding a large portion means he has a vested interest in the token’s success….

well it is very possible that he is the one getting paid since the project is for him and uses his name and identity he is famous enough that any team would beg for his endorsement

[albon]

The launch of STAR10 and the insider trading reports as many in the crypto community have expressed concerns. Some traders believe that celebrity tokens are losing their appeal, while others are skeptical about ronaldinho involvement. Many such projects will enter the market following the names of various famous people and all of them may not be true. Those who were affected by the trump meme coin will now refrain from such projects.

STAR10 continues to attract investors as many are suddenly making big splashes like the trump coin, but it remains to be seen whether this project will succeed or follow the path of ronaldinho past crypto ventures.