Ronaldinho’s STAR10 Token Sees 150% Rise Following Security Updates

Following a tumultuous launch, Brazilian football icon Ronaldinho’s STAR10 meme coin has experienced a remarkable 150% surge after he took decisive action to alleviate security concerns associated with the project. Despite this impressive gain, skepticism remains within certain segments of the crypto community due to past allegations surrounding the footballer.

Launching the STAR10 Meme Coin

Meme coins have gained immense popularity in the cryptocurrency market, particularly those linked to sports. In 2022, there was sufficient demand for fan tokens that Binance launched a dedicated index. Some of these older projects have resurfaced in today’s dynamic market environment.

However, the initial launch of Ronaldinho’s STAR10 token was marred by security issues. Reports indicated that the owner had the authority to burn any holder’s tokens at will due to the failure to renounce ownership, posing a significant risk to all token holders.

“Ronaldinho’s STAR10 coin has a serious security risk! GoPlus found that the owner can burn ANY holder’s tokens at will. Since ownership has not been renounced, all tokens are at risk of being destroyed without warning. Please renounce ownership immediately to protect your community. Traders, exercise extreme caution with this token,” stated GoPlus Security, highlighting the potential dangers.

In response to these alarming concerns, Ronaldinho acted swiftly to secure his project. He launched STAR10 earlier today exclusively on the BNB Chain, but the launch was overshadowed by an influx of counterfeit tokens designed to exploit his fanbase.

To protect the legitimate STAR10 project, Ronaldinho renounced ownership and locked the tokens for an astounding 255 years. This decisive action mitigated the primary security concerns raised by GoPlus and led to the coin's impressive rise before it stabilized again.

Additionally, the interest in STAR10 was further propelled by a mention from Binance founder, CZ, who noted his long-time admiration for Ronaldinho and acknowledged the token's launch on the BNB Chain. While his remarks did not offer direct endorsement, CZ’s considerable influence in the crypto landscape certainly played a vital role in attracting attention to the project.

CZ’s social media statements have been known to greatly influence market movements, and his acknowledgment of STAR10 has contributed to the token's momentum.

Though STAR10 is currently experiencing a successful phase, lingering doubts exist over Ronaldinho’s previous affiliations with questionable projects. This narrative adds another fascinating chapter to the ongoing saga of celebrity-endorsed meme coins.