Football legend Lionel Messi has joined the meme trend by promoting the Solana-based memecoin WaterCoin (WATER) on his Instagram. 🌊

WaterCoin strives to raise awareness of water issues, with the goal of becoming a full-fledged environmental coin. However, the path to this goal is not yet clear, and the token price dynamics resemble a “pump and dump” scheme.

Investing in memecoins carries a lot of risk, as price increases are often not related to the actual utility of the assets. Despite this, traders continue to take risks in the hope of greater profits.

Cryptocurrencies and blockchain technologies offer new solutions to protect the environment due to their transparency and ability to connect communities.

In 2022, Samsung joined the list of companies using blockchain systems to track planted trees.

However, it is worth remembering that 1 in 6 new memecoins are scams, and 91% have vulnerabilities.