Binance News: Ronaldinho’s STAR10 Meme Coin Surges 150% After Addressing Launch Issues and Gaining CZ’s Attention

In the ever-evolving world of cryptocurrencies, meme coins continue to captivate investors and the general public alike. One such coin, STAR10, associated with the famous footballer Ronaldinho, has recently seen a significant surge in value after addressing initial security concerns. Here’s a closer look at the developments surrounding STAR10 and its rise in the crypto market.

Roanldinho’s STAR10 Surges 150% After Addressing Security Concerns

Ronaldinho’s STAR10 meme coin saw a significant surge in value after addressing security concerns. Binance founder CZ mentioned the project, drawing attention to it amidst the chaotic meme coin ecosystem. Meme coins are currently extremely popular in the crypto market, with sports-based tokens existing for years. However, STAR10 had a rocky launch due to security risks, with the owner able to burn any holder’s tokens at will. This issue has since been addressed.

Binance to Delist USDT and Several Other Stablecoins in Europe Due to MiCA

Binance has announced that it will delist Tether’s USDT and several other stablecoins in the European Economic Area (EEA) due to the implementation of the Markets in Crypto Assets (MiCA) regulation. The delisting is part of Binance’s efforts to comply with the new EU legislation, which came into effect in December 2023. Impacted assets include USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. Sell-only transactions will be allowed until the end of Q1 2025. Circle, the issuer of USDC, may have a chance to consolidate its EU market share further as a result of the delistings. Other major exchanges, such as Coinbase, have already delisted USDT in anticipation of MiCA.

Significant Solana Transfer of 3M SOL to Binance Cold Wallet

A substantial cryptocurrency transfer involving 3 million Solana (SOL) tokens, worth $510.36 million, was made into a Binance cold wallet. These SOL tokens originated from an inactive stake account that had not participated in any activities for two months. Onchainlens observed this large movement of SOL tokens 10 minutes ago, flowing directly to a cold wallet controlled by Binance, one of the biggest crypto exchanges.

CZ Proposes Price-Triggered Token Unlock Model

Former Binance CEO Changpeng Zhao (CZ) has proposed a new tokenomics model to address market flooding. Under this model, only 10% of tokens would be initially unlocked for sale, with the remaining 90% subject to strict conditions tied to time and price. Future token unlocks would occur at least six months apart and only under specific conditions. The proceeds from the sale would be allocated to development, marketing, salaries, and community building.

GoPlus Security (GPS) Jumps Over 15% On Binance Listing Announcement

GoPlus Security, a company covering major blockchain networks with multidimensional risk detection, has announced that its token GPS will be listed on Binance starting March 4, 2025, at 13:00 UTC against select token pairs including USDT, USDC, BNB, FDUSD, and TRY. Additionally, Binance has added GPS to its HODLer airdrops, rewarding BNB holders with token airdrops based on historical snapshots of their BNB balances. Following the announcement, GPS soared by 16%.

Pi Network [PI] Price Action Amid Binance Listing Uncertainty

Pi Network [PI] faced resistance NEAR $1.75 due to weak buying pressure. Market sentiment remained uncertain as delays in Binance’s listing affected the token. PI traded at $1.67 with a 2.28% daily increase and a market cap of $11.41 billion. Despite a slight drop in trading volume, the token remained stable within a key price range, with support forming between $1.51 and $1.66. If buyers gain momentum, the price could break above $1.75 and potentially reach $1.90. However, failure to sustain support could lead to another downturn, with a potential decline toward the $1.50 range if the price drops below $1.46.