Binance Founder CZ Warns Investors About Altcoin That’s Skyrocketing in Price!

Many famous names, including US President Donald Trump, have joined the memecoin industry and issued their own memecoins.

The latest person to join this trend was Brazilian football star Ronaldinho. As with every token, Ronaldinho’s memecoin STAR10 has also been the subject of counterfeiting.

At this point, Binance founder CZ stated that football star Ronaldinho’s STAR10 token was only mined on the BNB Chain and all tokens with the same name on other chains were fake.

CZ warned investors to beware of scams.

Former Binance CEO CZ acknowledged that STAR10 was launched only on BNB Chain, while also clarifying that there is no commercial relationship between BNB Chain and Ronaldinho.

CZ added that his post was a reminder for investors’ safety, and that it did not constitute an endorsement for the STAR10 token.

“This post is NOT an endorsement. It is a safety reminder.

Ronaldinho’s STAR10 token was released only on BNB Chain. Coins from other chains are fake. Beware of scammers.

I have personally been a fan of Ronaldinho since 2005 and we appreciate the launch of the token on BNB Chain, however there is no commercial relationship between BNB Chain (or any of its affiliates) and Ronaldinho.

I repeat, this post does not mean that the token is approved. Please do not take it the other way around.”

CZ also said that memecoins are extremely volatile and their trading volume has dropped significantly recently, making them extremely risky.

This post is NOT an endorsement. It's a security reminder and disclaimer. (中文👇)
@10Ronaldinho's STAR10 coin was launched on @BNBChain EXCLUSIVELY.

Other chains' coins are fake. Beware of scammers.

Meme coins are highly volatile, and recent volumes have decreased… https://t.co/RVxHT5tStI

— CZ 🔶 BNB (@cz_binance) March 3, 2025

*This is not investment advice.