Binance Founder Issues Warning As Ronaldinho Coin (Star10) Price Soars 80%

Rupam Roy
March 3, 2025
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Binance Founder Issues Warning As Ronaldinho Coin (Star10) Price Soars 80%

Highlights

  • Ronaldinho Coin (Star10) price surged 80% after its launch on BNB Chain.
  • Binance founder Changpeng Zhao issues cautionary statements for the investors.
  • CZ said that meme coin often brings more volatility, highlighting the recent volume decline.

Brazil Football icon Ronaldinho has made headlines in the crypto space today with the launch of a new token on the BNB Chain. The token, named Ronaldinho Coin (Star10) price surged more than 80% following the official launch but also sparked discussions in the broader crypto market. Amid this, Binance founder Changpeng Zhao has issued a stark warning for investors amid growing crypto scams and rug pull events.

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Ronaldinho Token Launch: Star10 Price Rockets

Football icon Ronaldinho took to social media platform X to celebrate the token’s rapid success, stating that Star10 had reached the top position on DEX Screener. Encouraging fans to join the movement, he declared that “the ball is rolling” and invited them to invest. However, Binance founder Changpeng Zhao has highlighted his post while issuing a cautionary statement for traders.

Notably, the official contract address for the token was also shared in Ronaldinho’s post to ensure investors were buying the authentic Star10 on the BNB Chain. Notably, the football icon’s entry into the crypto space follows a growing trend of celebrities launching personal tokens.

Meanwhile, investors rushed to buy Star10, causing its price to surge within hours of its release. During writing, Star10 price rocketed more than 80% to $0.37, with its market cap soaring past the $31 million mark.

Ronaldinho Coin Star10 Price
Ronaldinho Coin (Star10) Price
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Binance Founder Changpeng Zhao Issues Security Alert

Despite the excitement, Binance’s founder Changpeng Zhao stepped in with a clear warning. He clarified that Binance and its affiliates had no commercial ties with Ronaldinho or Star10, emphasizing the risks involved in meme coin investments.

Zhao stressed that Star10 was launched exclusively on the BNB Chain, cautioning investors against fake versions on other networks. He further noted that meme coins are highly volatile, and their trading volume has seen significant declines recently.

“This post is NOT an endorsement,” Zhao stated. “Ronaldinho’s STAR10 coin was launched on BNB Chain exclusively. Other chains’ coins are fake. Beware of scammers.”

His warning serves as a reminder of the risks associated with celebrity-backed tokens, which often experience price manipulation and rug pulls.

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Celebrity Tokens Fuel Meme Coin Buzz

Ronaldinho is the latest in a growing list of public figures launching their own crypto assets. The trend gained momentum after Donald Trump’s team introduced TRUMP and MELANIA meme coins. Simultaneously, Argentina’s President also endorsed a meme coin, LIBRA, which has sparked massive controversy in the market.

Among others, rapper Kanye West also reportedly launched $YZY, which quickly gained traction. While these tokens generate massive hype, many lack long-term utility, leaving investors vulnerable to extreme price swings. Considering these aspects, experts urge caution, highlighting the speculative nature of such assets.

Binance Founder Warning: Here’s What Investors Should Know

Despite Ronaldinho Coin’s (Star10) impressive debut, Changpeng Zhao’s warning highlights the risks involved. So, investors should conduct thorough research and avoid falling for scams posing as official tokens. As the Binance founder noted, the meme coin market remains unpredictable, with price surges often followed by sharp declines.

As the hype around celebrity tokens grows, the crypto community must stay alert. In other words, the market participants should exercise due diligence and weigh the risks carefully before putting their bets on any newly issued tokens.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.