Former Brazilian football legend Ronaldinho posts a "shill" for memecoin #WaterCoin less than 24 hours after Leo MESSI mentioned memcoin.
Following Argentine football superstar Leo Messi, former Brazilian football legend Ronaldinho shared an Instagram story yesterday to promote the WATER memecoin.
WaterCoin (WATER), a memcoin project in the ecosystem #Solana ($SOL )#SolanaInvesting
, aimed at raising awareness of water-related issues, is receiving support from famous football stars.
The website claims that WaterCoin's founders hope to solve the problem of deforestation and clean water shortages in Africa.
Unlike many other memecoins, WATER has a noble purpose. Our token is designed not only to promote equitable distribution of assets, but also to support charitable activities. With WATER you can help others without suffering personal loss.
However, the details of how the project plans to carry out this charitable work and solve problems in Africa remain unclear, leading the investor community on X to worry that the WATER token could be a “pump and dump” scheme.
Celebrity endorsements of memecoins have become a hot topic in recent months. Some argue that these actions can lead to "rug pulling." Similar incidents have occurred with stars such as Hulk Hogan, 50 Cent, Sydney Sweeney, Metallica and most recently Doja Cat, whose social media accounts were hacked to promote dubious cryptocurrencies.
It is noteworthy that this is not the first time Ronaldinho has participated in the crypto market. In 2022, he also promoted memcoin on #Ethereum under the name World Cup Inu (WCI), but later denied any involvement, claiming that his name had been used.
Fluctuations in WATER prices
WATER currently has a market capitalization of $80 million #USA , with trading volume down to $15 million after a surge fueled by endorsements from football legends.$ETH
