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Cryptocurrency News Articles
$STAR10 meme coin quickly topped the trading hot list, but a smart contract vulnerability was discovered behind it?
Mar 05, 2025 at 12:41 pm
Ronaldinho's Binance-chain meme coin, $STAR10, saw initial hype, hitting DEXSCREENER's top spot, but quickly faced scrutiny after reported smart contract vulnerabilities and allegations of a paid endorsement.
Brazilian legendary star Ronaldinho posted on X on the 3rd, announcing the launch of his personal official meme coin (STAR10) on Binance Chain. It said that this is the new and only official token, inviting everyone to celebrate the legendary spirit and also called for the acquisition of STAR10 to create history.
As soon as the news came out, $STAR10 quickly attracted attention. Shortly after the announcement, it ranked first in the DEXSCREENER trading hot list, and the trading popularity rose sharply.
Zhao Changpeng then reposted Ronaldinho's tweet, saying that he has been a fan since 2005, and emphasized that the tweet is not an endorsement, but is just a safety reminder and disclaimer.
He pointed out that $STAR10 is only exclusively issued on Binance Chain, and other chains are counterfeit coins, reminding people to be wary of fraud, and also pointing out that meme coins are fluctuating greatly and have high risks.
However, the community responded to this and some people suggested that CZ be optimistic about the project before interacting. As expected, the project was soon exposed to a vulnerability in the smart contract, although it was later fixed.
Some members of the community also revealed that Ronaldinho issued coins this time, which was a Shenzhen coin issuing group for US$5 million to buy its X account, with the same purpose as the previous celebrity coins, and was to harvest retail investors.
As the founder of Binance, CZ's interaction with Ronaldinho was regarded by the community as a signal to call, and even though he had clarified that it was not endorsed, it was still questioned.
Faced with doubts, CZ responded that the purpose was to welcome the project party to build Binance Chain, and to interact with the community, the more it interacts, the better.
He also mentioned that Labs investment and advisors are "optimistic first", but even so, 80% of Labs investment projects lose money, which shows that it is impossible to make a back-tune for every interactive project.
Recently, CZ has frequently discussed meme coins on the X platform, hoping to drive the development of the BNB chain ecosystem. Previous TST, pet dog Broccoli, and this time STAR10, have attracted criticism from the community.
Some members of the community think that there is no need to pay attention to the meme coin community evaluation, because their members do not have the ability to judge information, and they will be scolded regardless of whether CZ mentions tokens or not.
CZ understands this and when a member says he likes to be flattered, he responds that he likes the truth. Judging from the current situation, if CZ wants to interact more with the BNB chain ecosystem, it is necessary to publish a document.
However, in order to avoid being labeled as a promotion project, the content of the speech should be more cautious. With his wisdom and team, we should be able to find a more sleek way of dealing with it, balance the relationship between ecological interaction and avoiding disputes.
$STAR10 From quickly reaching the top trading hot list to being exposed for contract loopholes, there are many complex factors behind it, such as celebrity effect, currency circle ecology, and interest games between various parties.
This incident not only reflects the high risk of the meme currency market, but also highlights the problems in the currency circle in terms of project supervision, information transparency, etc.
From the perspective of celebrity issuing coins, Ronaldinho's influence undoubtedly brought huge initial popularity to $STAR10 and attracted the attention of many investors.
But the business motivations and possible manipulation risks behind celebrities’ participation in issuing coins are worthy of in-depth discussion.
In terms of Binance Chain Ecology, CZ actively promotes project entry, hoping to drive ecological development through this, and its starting point is good.
However, in the process of interacting with the project party, how to find a balance between promoting ecological prosperity and avoiding the suspicion of endorsing the project has become a difficult problem before him.
For the average investor, the $STAR10 incident sounded a wake-up call. The meme currency market fluctuates greatly, and risks such as smart contract vulnerabilities may lead to asset losses at any time.
Investors must be cautious when participating in such projects, fully understand the project background and risk conditions, and should not blindly follow the trend just because of celebrity effects or trading hot lists.
Judging from the community's reaction, doubts about CZ reflect the high attention of users in the currency circle to the authenticity, security of projects and the fairness of industry leaders' words and deeds.
Members of the community hope that CZ can strictly control projects while promoting ecological development and protect the interests of investors.
$STAR10 This series of events in Meme Coin is a microcosm of the complex ecology of the currency circle, involving many factors such as celebrities, project parties, trading platforms, investors and communities.
How to develop in the future and how all parties respond is worthy of continuous attention. At the moment of rapid development of the currency circle, how to regulate the market and protect the rights and interests of all parties has become an urgent problem.
Disclaimer:info@kdj.com
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