Football Legend Ronaldinho Launches Cryptocurrency Token

Former Brazilian footballer Ronaldinho Gaúcho has launched a new cryptocurrency token called STAR10 on the Binance Smart Chain.

The footballer took to social media to promote STAR10 on Monday, inviting fans to join him in this new venture.

“My one and only official token is here!

“It’s time to celebrate greatness, passion and create a legacy together that will never fade.

“$STAR10 isn’t just a token- it’s the next chapter of my journey,” Ronaldinho announced.

Upon its release, STAR10 experienced an immediate surge in value, soaring over 20% and reaching a peak price of $0.2492.

Later, the token was trading at $0.23, reflecting a 13% gain since launch.

The token offers holders exclusive benefits, including signed memorabilia and access to an AI-powered assistant.

With a circulating supply exceeding 82 million tokens, STAR10 has already amassed a market capitalisation of nearly $20 million and a fully diluted valuation of $241 million.

According to data from CoinGecko, its trading volume has surpassed $26 million.

Ronaldinho’s engagement with cryptocurrency has sparked some debate, especially after he suggested a comeback to the industry in June 2024, encouraging his fans to adopt digital assets.

However, blockchain investigator ZachXBT highlighted Ronaldinho’s prior connections to dubious crypto ventures, such as World Cup Inu, Atari Chain, Lord Society NFT, and meme coins like WATER and Baby Doge, which he previously endorsed alongside Lionel Messi.

One of the most significant scandals involving Ronaldinho was the 18kRonaldinho project, a cryptocurrency initiative linked to a $61 million pyramid scheme that falsely promised investors daily returns of 2%.

Ronaldinho has denied involvement, claiming his name and image were used without his consent.