Ronaldinho’s STAR10 Token Sparks Market Volatility and Insider Concerns

• Ronaldinho’s STAR10 token saw major price swings after large insider-linked trades sparked market manipulation concerns.
• A wallet tied to STAR10 turned $50K into $270K, fueling fears of insider trading amid SEC scrutiny of fraudulent crypto activities.
• STAR10’s value surged but later dropped as trading volume spiked 300%, reflecting speculative interest and volatility.

Brazilian football legend Ronaldinho has officially entered the cryptocurrency sector with STAR10, a token built on the BNB Chain. His announcement on X excited both crypto and football fans. However, recent high-value transactions have raised concerns about market manipulation and insider activity.

Suspicious Transactions Shake STAR10’s Market Stability

On March 2, 2025, blockchain analytics firm Lookonchain reported large-scale transactions linked to the STAR10 team. A wallet associated with the project spent 80 BNB ($50,000) to acquire 122.45 million STAR10 tokens, representing 12.24% of the total supply. Shortly after, at 15:00 UTC, the same wallet sold 1 million STAR10 tokens for 433 BNB ($270,000), while holding onto 121.44 million tokens worth $33.5 million.

These trades had an immediate impact on STAR10’s market value. Following the large buy, the token’s price surged 15%, rising from $0.35 to $0.40, according to CoinGecko. However, the subsequent sale triggered a 10% decline, pushing STAR10’s price down to $0.36 within 30 minutes. Trading volume also spiked by 300%, jumping from 5 million to 20 million tokens, per CoinMarketCap data.

Additionally, data from Onchain Lens has exposed another wallet potentially linked to insider trading on STAR10. This wallet initially spent 48 BNB ($29,247) to acquire 20.79 million STAR10 tokens. So far, the holder has only sold 119,278 tokens for 54 BNB ($33,106), already securing a profit while holding the majority of their position. The remaining 20.68 million STAR10 tokens in their possession are now valued at $4.93 million, illustrating the token’s rapid appreciation.

SEC’s Stance on Memecoins Could Impact STAR10

Meanwhile, Memecoins are not securities, according to clarification from the U.S. Securities and Exchange Commission (SEC). President Trump recently introduced his own memecoin, $Trump, which is in line with this approach. The SEC cautioned that fraudulent acts with memecoins may result in legal action from other authorities, despite the fact that it will not regulate them.

Currently, STAR10 is priced at $0.2378, boasting a market capitalization and fully diluted valuation of $237 million. The token’s future remains uncertain as speculation over market manipulation and insider trading continues to rise.