Hi Reefit,
I'm afriad it is probably dying. Is that Fromia? Starfish and other echinoderms are sensitive to osmotic shock (shock of being rapidly changed from one salinity to another) and need to be carefully acclimated. How long have you had it? Some stars' nutritional needs aren't well known. It may not have been able to find suitable food in your aquarium and starved. Is it possible that something is wrong with your water chemistry? Keep your water chemistry stable and quality high and it could recover.
Good luck,
Kevin