Solana-based memecoin WATER is registering an enormous value soar for the time being. It coincided with the interval that fashionable Argentine footballer Lionel Messi posted in regards to the token on social media.
Is Messi Endorsing the Solana WATER Memecoin?
On Monday, Messi’s Instagram account posted an image on his story that regarded like he was selling the WATER memecoin. There was an image of Messi with the WATER brand peeking over his shoulders. An Instagram account believed to be linked to the memecoin shared the identical story in a publish. As a famend sportsman, Messi’s publish might imply so much to the general public.
In line with his Instagram account, he has a followership of 504 million, making him the second most-followed particular person on the app after Cristiano Ronaldo. With such big followership, WATER should have acquired a lift because it wasn’t lengthy earlier than this that its value jumped by greater than 55%.
As of the time of this writing, the memecoin had misplaced greater than half of this acquire however continues to be on a optimistic enhance. WATER presently trades at $0.001029 with a 21.12% enhance throughout the final 24 hours.
Neither Messi nor his administration group has made any official assertion in regards to the WATER publish. Nonetheless, it brings to remembrance an analogous memecoin that was allegedly linked to fashionable wrestler Hulk Hogan. Final month, there have been a number of posts selling the Hogan memecoin on social media platforms. They have been later taken down after the wrestler denied any involvement with the crypto asset. Shortly after, the token misplaced greater than $15 million in market capitalization.
Many top Solana meme coins have loved optimistic viewers from celebrities currently.
WATER Trades on Cryptocurrency Exchanges
Not a lot is understood in regards to the WATER memecoin however a hyperlink linked to the web site of the digital foreign money, directs to a web page the place it was acknowledged that the memecoin was created “in partnership with the masterminds” behind the Solana memecoin BEER. Noteworthy, this was one of many memecoins that skilled excessive volatility final month.
“WATER is a meme coin with no intrinsic worth or expectation of monetary return,” per the assertion on the memecoin’s web site.
Additional particulars about the place the token might be purchased and traded have been equally added. This contains Bitget, BitMart and MEXC. Whereas crypto fanatics await Messi and his group to speak in regards to the publish, it’s expedient that crypto customers stay vigilant and conduct due diligence earlier than plunging their funds into any funding particularly with the frequency of scams.
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The introduced content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
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