Ronaldinho, you’re a legend on the field, no doubt. One of the greatest to ever play the game. But in crypto, we track everything. Let’s see if $STAR10 is here to make history, or just make exits. We’ll be watching. Blockchain doesn’t lie.
Trading Secrets
04-03-2025 14:23
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Memecoins crash: PEPE plunges, Ronaldinho’s STAR10 tanks 65%
Digital assets traded in the red on Tuesday as Bitcoin dipped to press time levels of $83.89K.
While altcoins endured significant declines amid tariffs-driven macroeconomic worries, memes seemed to suffer the most.
Coingecko data shows the market cap of all meme tokens lost over 20% in the previous day to $57 billion.
Meanwhile, frog-themed PEPE has weakened amid prolonged bearish performance.
The alt eyes further price declines after losing nearly 20% in the past 24 hours.
Moreover, STAR10 has plummeted since the football legend introduced it on 3 March.
PEPE’s bearish structure suggests more price dips
PepeCoin extended its price dips on Tuesday, losing over 18% in the past 24 hours.
On-chain indicators and technical data highlight PEPE’s dominant selling pressures.
The trading volume and daily active addresses maintain downtrends.
That indicates dwindled demand for the meme crypto.
A technical outlook hints at a potential double-digit plunge for PEPE.
The alt’s Daily Active Addresses dropped to today’s 3,610 from $7,310 in early February.
The metric has been in a downtrend since mid-November.
Such trends confirm decreased demand for PepeCoin, explaining the prolonged bearish tendencies.
Also, Santiment data reveals significant declines in liquidity and trader interest.
The trading volume fell from early February’s 3.18 billion to 1.01 billion today.
Pepe’s trading volume has dipped since early November.
The price chart shows that the PEPE price plummeted below an ascending trendline on 24 February.
The trendline rejected PEPE after Sunday’s retest, triggering yesterday’s 18.45% decline.
Pepe trades at around $0.000069. Extended bearishness might catalyze an over 15% plunge to early August lows of $0.000058.
The 4H MACD confirms the massive selling pressure with a sharp bearish cross.
STAR10 crashes after launch
Ronaldinho Gaucho released the STAR10 token on Binance Chain on Monday, 3 March.
Due to the initial excitement, the altcoin soared to a peak of $0.3842.
However, broad market sentiments dragged STAR10 down in the past 24 hours.
It trades at $0.1500 after losing approximately 65% from its 24-hour highs.
Besides the overall market bloodbath, community skepticism magnified STAR10’s struggles.
The new crypto faced insider trading allegations as large-scale transactions signaled price manipulations.
Users questioned the altcoin’s purpose and what drove Ronaldinho to venture into the crypto world.
Will the altcoin survive the cryptocurrency market?
Ronaldinho’s crypto launch extends the recent wave of digital assets backed by celebrities.
The past few months saw tokens like TRUMP, MELANIA, and LIBRA launching.
While these projects attract significant buzz, most lack use cases, making them susceptible to wild price actions.
Moreover, investors have lost billions in such projects.
Meanwhile, PEPE and STAR10’s performances mirror the prevailing downtrends in the cryptocurrency market.
Digital assets exhibit extreme volatility while anticipating key events, including Friday’s Crypto Summit and macroeconomic data.
Patience remains crucial as the market takes shape.
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