The founder of the Benance tried to clarify his stance on Ronaldinho’s token backfire, as Crypto traders also slammed him to mention the controversial tokens.
Which was considered a simple “disconnection”, gave rise to a fully developed controversy, with the founder of Benance Changpeng Jhao now in warm water on a new token launched by Ronaldinho Goocho, once famous East Brazilian football star.
In March 3 Post On X, Ronaldinho announced his new tokens, dubbed Star 10, which he deferred in a way to get “history” and access to special benefits for fans. “Legends are not born … they are forged. And you can choose to be a part of it. Now get your $ Star10,” Ronaldinho said while announcing the launch in his X post.
While the token saw a 20% price pump shortly after its launch, things quickly took a U-turn. As Crypto.news reported, on-chain analysts quickly expressed concern about insider trading associated with token launch.
According to Blockchain Analytics firm Nansen, an internal formula bound to Ronaldinho triggered doubts among traders and took advantage of $ 4.95 million on a large scale in $ 4.95 million. Under the Ellis Onchen Lens, the X user said, “So far, the inner formula has sold 119,278 $ Star10 for 54 $ BNB ($ 33,106),” X User said under Alis Onchain Lens, said that the interiors are still worth 4.93 million dollars of Star10.
To make things worse, Binance founder Changpeng Jhao mentioned Star10 tokens One x post On March 3, Crypto is trying to separate himself from the drama by warning investors about cheating on decentralized exchanges.
In the post, the founder of the Benance tried to clarify that the token was specially launched on the BNB series, and warned that “other chain coins were fake, urging investors to” beware of “scammers”. He also stated that although he has been a fan of Ronaldinho since 2005, “there is no business relationship between the BNB series (or any of our colleagues) and Ronaldinho.”
Jhao was also in a hurry to say that the post “is not a support,” but the Crypto community did not clearly have it.
“Better silent”
Backlash was immediate. Some also called Zhao to promote tokens despite discontent. “Better silent and let the market do your work,” a user SaidAnswer the post with suspicion.
“Not a support, but you are talking about it, it’s enough to mention and already has a support! Being better silent and let the market do your work!”
A answer X by user @mike01cky
In his answers to the post, Zhao was slammed to mention tokens by several crypto traders, accusing him of indirectly supporting shady tokens.
“You are losing tons of honor with this post CZ. @10ronaldinho has rugged users in the past. Glutting about it is just wrong, you are better than this (at least I thought you were). ,
A answer X by user @web4agent
The Star10 tokens also created a dispute before allegations of insider trading. Many traders raised doubts about its legitimacy, given that celebrity-endors tokens are often seen as cash graves or attempted to capitalize on fame without any real utility.
Many people still recall Ronaldinho’s previous partnership with high -risk crypto plans, some of which had disastrous consequences.
Crypto experience of Ronaldinho
Ronaldinho’s crypto history seems very dirty. Back in June 2024, he said that it was a sign of a comeback, saying that it was “going into the mainstream” for Crypto. But not everyone was confident.
Famous crypto explorer zachxbt quickly told The Ronaldinho had supported several suspected projects including the World Cup Inu and Lord Society NFT, which turned into pump-end-dump plans. He also promoted meme coins like water and baby dogi, and also raised more doubts.
But the most controversial chapter in his crypto career came in September 2023, when Ronaldinho was linked to the “18kronaldinho” project, which was accused of operating a $ 61 million pyramid scheme. Ronaldinho quickly denied the allegations.
Football legend claimed that he was incorrectly implicated and the company exploited its public image without permission. He also said that he only agreed to support a clock collection by 18K watches, but he never authorized using his name and image to sell or promote cryptocurrency. The project promised 2% daily returns to investors and used its equality to create reliability.
