The STAR10 token, launched by Brazilian football star Ronaldinho, has been flagged for serious vulnerabilities in its smart contract.
According to blockchain security platform GoPlus, the creator of STAR10 retains full control over the asset and can at any moment:
- Burn any tokens held by users
- Mint new tokens, diluting market capitalization
- Introduce additional transaction taxes
- Blacklist wallets, blocking access to assets
The fact that contract ownership has not been renounced puts all STAR10 investors at risk. GoPlus has urged the STAR10 team to relinquish control over the smart contract to ensure user security. If not, holders could lose their funds at any time.
R10coin Accusations Against Ronaldinho
Amid STAR10’s security concerns, the R10coin project has accused Ronaldinho of contract violations. In a statement on February 28, the team claimed that they initiated talks with the footballer in May 2024 to launch a token and signed a $6 million partnership deal in January 2025.
However, according to R10coin, Ronaldinho later signed another $10 million contract with a Shenzhen-based company known for launching scam meme coins and conducting rug pulls.
What is STAR10
The launch of STAR10 sparked widespread attention, especially since Ronaldinho had recently warned about scam tokens using his name. At the time, he stated he had no official token but promised "big news" for his fans.
Shortly after, an official announcement appeared on his X profile introducing STAR10. Ronaldinho promoted it as more than just a cryptocurrency, calling it "a legacy in the making."
According to its official website, STAR10 offers holders:
- Exclusive autographed collectibles
- Access to private events and meetings with Ronaldinho
- Priority access to digital assets and future initiatives
The developers claimed that STAR10 was a long-term project designed to stand out from regular meme coins. However, skepticism quickly emerged.
Market Volatility and Insider Profits
After launching, STAR10 surged in popularity, reaching a market cap of $300 million. However, within hours, it dropped to $200 million and, at the time of writing, stabilized at $22 million.
Currently, STAR10 is trading at $0.27, marking a 32.4% increase over the past 24 hours but still 29.6% below its ATH.
Despite the price drop, some traders and insiders have made millions:
- One early buyer spent 48 BNB ($29.2K) on STAR10 and later sold 119,278 tokens for 54 BNB ($32.5K) while keeping 20.68M STAR10 (~$5.58M at current prices).
- Another trader bought 19.32M STAR10 for 190 BNB ($114.6K) and later sold them for 2,677 BNB ($1.61M), profiting over $1.5M.
- A wallet linked to the STAR10 team purchased 122.45M tokens for 80 BNB ($48.2K) and sold 1M STAR10 for 433 BNB ($261.2K). The wallet still holds 121.44M tokens (~$32.78M or 12.14% of total supply).
The Uncertainty Surrounding STAR10
The ongoing situation raises concerns about STAR10’s long-term viability. The project team has yet to address the issue of contract ownership fully remaining with the creator.
Investors are advised to proceed with caution as the risk of loss remains high. DYOR.
UPD: the owner of STAR10 has relinquished ownership.
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This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.