Football legend Ronaldinho has entered the cryptocurrency arena with the launch of Ronaldinho Coin (Star10) on the BNB Chain. The token's price skyrocketed over 80% post-launch, drawing both excitement and scrutiny. Amid the buzz, Binance founder Changpeng Zhao (CZ) issued a critical warning about rising crypto scams and rug pulls.
Ronaldinho Coin (Star10) Price Skyrockets After Launch
Ronaldinho announced the token’s launch on social media platform X, celebrating its rapid climb to the top spot on DEX Screener. The football star encouraged fans to join the movement, sharing the official contract address to ensure authenticity.
Key Metrics:
- Price Surge: 80% to $0.37 within hours.
- Market Cap: Exceeded $31 million.
- Blockchain: Exclusively launched on BNB Chain.
👉 Discover how to identify genuine crypto projects
Binance Founder’s Warning: Risks of Celebrity Tokens
Changpeng Zhao clarified that Binance has no affiliation with Star10 and urged caution:
“This post is NOT an endorsement. STAR10 was launched on BNB Chain exclusively. Tokens on other chains are fake. Beware of scammers.”
Critical Risks Highlighted by CZ:
- Volatility: Meme coins often experience extreme price swings.
- Scams: Fake versions of Star10 may appear on other blockchains.
- Lack of Utility: Many celebrity tokens lack long-term value.
The Rise of Celebrity-Backed Crypto Projects
Ronaldinho joins a growing list of celebrities launching tokens, including:
- Donald Trump (TRUMP and MELANIA meme coins).
- Kanye West ($YZY token).
- Argentina’s President (LIBRA token, embroiled in controversy).
While these projects generate hype, experts warn of their speculative nature.
FAQ: Ronaldinho Coin (Star10) and Crypto Safety
1. Is Star10 officially endorsed by Binance?
No. Binance and its founders have no ties to the project.
2. How can I avoid fake Star10 tokens?
Only purchase Star10 through its official BNB Chain contract address shared by Ronaldinho.
3. Are celebrity tokens a good investment?
They are highly speculative. Always research thoroughly and invest cautiously.
👉 Learn more about avoiding crypto scams
Key Takeaways for Investors
- Verify Authenticity: Cross-check contract addresses.
- Avoid Hype-Driven Trades: Meme coins are prone to manipulation.
- Diversify: Balance investments with stable, utility-driven assets.
Changpeng Zhao’s warning underscores the need for vigilance in the fast-moving crypto market. As celebrity tokens gain traction, investors must prioritize due diligence over FOMO (Fear of Missing Out).
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