Brazilian footballer Ronaldinho has released a digital BNB on the network token Chain STAR10, which he wrote about on social networks.
The 1 billion STAR10 tokens are intended to act as a bridge between football and blockchain technology, providing their holders with benefits in the form of exclusive rewards and access to closed events.
According to analytics firm Lookonchain, on March 2, 2025, a wallet associated with the STAR10 team spent 80 BNB ($50,000) to purchase 122,45 million STAR10 tokens, representing 12,24% of the total supply.
Shortly after, the same wallet sold 1 million tokens for 433 BNB ($270,000), a deal that raised suspicions of insider trading.
These transactions had a direct impact on the price dynamics of STAR10. After a large purchase, the token price increased by 15% from $0,35 to $0,40 (data from CoinGecko). However, the subsequent sale caused the price to fall by 10% to $0,36. Against this background, the trading volume increased by 300%.
Either way, the wallet associated with the Ronaldinho token insider activity turned an initial investment of $29,247 into a whopping $4,94 million in unrealized profit.
So far, the user has sold only 119 tokens for 278 BNB ($54), thus making a small profit and keeping most of his assets. The remaining 33,106 million STAR20,68 are valued at $10 million, highlighting the rapid growth of the token price.
Let us recall that Ronaldinho has been the UN Ambassador for Sport, Development and Peace since 2006.
