Story Highlights STAR10 price declines by 22% after reaching a high of %excerpt%.3964. Insider wallets win millions from STAR10 token trades. STAR10 trade volume surpasses .43 million, despite losses. Brazilian football icon Ronaldinho has officially released his digital token, STAR10, on the BNB Chain to connect football and blockchain. The token will provide fans with unique access to special challenges, rewards, and events. Nonetheless, since its release, severe price volatility has hit STAR10. The token has lost more than 22% of its value. STAR10 was launched with a supply of 1 billion tokens, designed to facilitate liquidity and interaction. One quarter of the total supply was for liquidity, so that trading could be smooth. Ronaldinho retained 20%, and the team set aside another 20% for
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Story Highlights
- STAR10 price declines by 22% after reaching a high of $0.3964.
- Insider wallets win millions from STAR10 token trades.
- STAR10 trade volume surpasses $48.43 million, despite losses.
Brazilian football icon Ronaldinho has officially released his digital token, STAR10, on the BNB Chain to connect football and blockchain. The token will provide fans with unique access to special challenges, rewards, and events. Nonetheless, since its release, severe price volatility has hit STAR10. The token has lost more than 22% of its value.
STAR10 was launched with a supply of 1 billion tokens, designed to facilitate liquidity and interaction. One quarter of the total supply was for liquidity, so that trading could be smooth. Ronaldinho retained 20%, and the team set aside another 20% for public sales.
The group allocated 15% for promotions and market operations, 15% for business development, and 5% for centralized exchange listings.
STAR10 Token Taps Volatility as Insider Gains Arise
Although the initial euphoria, there have been reports of an insider making $4.94 million from STAR10 trading. The insider bought 20.79 million STAR10 tokens for a mere 48 BNB, which is around $29,247. After selling a small amount for 54 BNB, the wallet still contains more than 20.68 million STAR10, now worth almost $5 million. Another wallet belonging to the STAR10 team purchased 122.45 million tokens accounting for 12.24% of the total issued, for the price of 80 BNB. This same wallet sold off 1 million STAR10 to the tune of 433 BNB and owns 121.44 million tokens worth around $33.5 million.
Market conditions have not been good for STAR10, which opened at a high of $0.3964 before falling to a low of $0.2634. Currently, the token is valued at $0.1419, down by 50.63% in value. Despite this drop, trading is still robust, with a daily volume of $48.43 million.
The token’s steep fall and news of insider gains have led to questions over market equity and potential manipulation. Whereas STAR10 was meant to bring football supporters into blockchain, its problematic launch on the market serves as a reminder of the risk and volatility of fresh digital tokens. Investors will be watching keenly as the project rumbles on to determine if the token will stabilize and if Ronaldinho’s branding will energize long-term enthusiasm.