- Ronaldinho, a legendary player in Brazilian football, seemed to advertise the WATER Solana memcoin on Instagram.
- On Monday, Lionel Messi’s Instagram account shared a comparable tale endorsing the memecoin.
It seems like football celebrities are endorsing the WATER Solana SOL +1.96% memecoin in droves.
On Tuesday, the popular Brazilian football player Ronaldinho Gaucho’s Instagram account published a story endorsing the memecoin. The image is a follow-up to the previous day’s similar campaign posted on Argentine football player Lionel Messi’s Instagram account.
Considering the two football players’ enormous online fan bases, the articles ought to aid in raising awareness of the enigmatic memecoin. Messi has more than 500 million Instagram followers, while Ronaldinho has over 77 million.
Ronaldinho denied being involved in an alleged cryptocurrency fraud from the previous year that offered 400% returns on investment.
There are not many details available yet about the memecoin. A page on the WATER memecoin website claims that the creators of the BEER memecoin collaborated with them to create the currency. Launching memecoins has been simpler in recent weeks, thanks in part to Pump.fun, a service that streamlines the token production process.
The following was also stated in the token’s legal disclosures: “WATER is a meme coin with no intrinsic value or expectation of financial return.” WATER has no functional purpose and is only ornamental.
The charitable purpose is ambiguous
The idea behind the WATER memecoin appears a little peculiar as well, since its creators have branded it a charity token. However, it is still unclear exactly how it will help charity initiatives.
In contrast to many other memecoins that are worthless, WATER sticks out because it has a distinct purpose. According to the website, our coin exists to guarantee equitable asset redistribution among holders and to assist charitable organizations. You can aid people with WATER without suffering any personal harm.
The website also mentions the authors’ goal of addressing water distribution and deforestation in Africa. According to the website, we will have a distinct, publicly accessible wallet account to use for charitable donations and other initiatives meant to further the common good in the interest of openness.
As per CoinGecko, the WATER token has increased by over 200% in the last 24 hours. The Bitget, BitMart, and MEXC locations are where you may buy and trade the token, according to the memecoin website.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
