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Brazilian football legend Ronaldinho has launched the Ronaldinho Coin (Star10) token on the BNB Chain. The token quickly garnered significant attention, achieving over an 80% value increase. However, the rapid ascent of this asset has generated discussions and caution among experts as investors seek profit opportunities.
Ronaldinho Coin Experiences Rapid Growth
Ronaldinho announced via social media that the token has reached remarkable success. He noted its rise in ranking on the DEX Screener platform and encouraged investors to join the project, sharing its official contract address.
The swift appreciation in value of Ronaldinho Coin has attracted investor interest. However, the volatility in pricing necessitates careful consideration when investing in such assets. Tokens launched by famous personalities are often subject to speculation, making thorough research crucial for investors.
Binance Founder Issues Warning on Fake Tokens
Changpeng Zhao, the founder of Binance, highlighted important cautionary notes regarding Ronaldinho’s token announcement. Zhao emphasized that Binance has no affiliation with this token and warned that similar tokens circulating on different networks might be counterfeit.
Zhao’s remarks serve as a reminder for investors to be vigilant against fraud in the cryptocurrency market. The swift value increases of tokens launched by celebrities can create opportunities for fraudulent activities. Investors are advised to purchase tokens validated through official channels only.
