Meme Coin: Ronaldinho Promotes Solana-Based Water Coin Legendary footballer Ronaldinho Gaúcho recently posted a story on his Instagram account, telling 76.6 million followers that about Solana-based token Water Coin (WATER). The move came after a similar post by Lionel Messi. which sent the price of WATER soaring nearly 400% on Monday.
Both Ronaldinho’s and Messi’s stories included their images and the Water Coin mascot. It also tagged the project’s Instagram account.
Ronaldinho Promoted WATER
Following Ronaldinho’s post, the price of Water Coin increased by 38.8% to $0.0012 within an hour, though it later fell below its peak price, CoinGecko’s data shows. Despite the decline, WATER’s value has increased by over 150% since Messi’s recent promotion.
Celebrity Influence and Skepticism
Water Coin team says they want to help with clean water projects and plan to team up with more famous people. But some YouTubers and crypto experts worry it might be a scam where people just buy the coin to drive the price up and then sell it quickly for a profit, leaving everyone else stuck with worthless coins.
Ronaldinho’s History with Crypto
Ronaldinho’s isn’t afraid about crypto! He’s already promoted some other cryptocurrencies in the past. These coins have fun names like Baby Doge and World Cup Inu. They are called “meme coins” because they’re based on popular jokes or trends you see online, kind of like those funny cat pictures everyone loves. Some folks think these meme coins were just scams to make the price jump quickly, then crash, leaving people stuck with worthless coins.There was also the “18kRonaldinho” project in 2022, which promised crazy daily returns and turned out to be a pyramid scheme (basically illegal).
Meme Coin: Facing Controversy
Facing controversy and accusations of dubious practices, Ronaldinho denied any wrongdoing. He asserted that he was also a victim of the unauthorized use of his likeness. Last month, Ronaldinho took to X (formerly Twitter) to express his enthusiasm for mainstream crypto adoption. people weren’t happy with Ronaldinho’s crypto message. A crypto expert named ZachXBT said it might be because Ronaldinho needs money, not because he actually believes in crypto. Ronaldinho even took down his post after all this.
Conclusion
Ronaldinho’s shoutout for Water Coin on Instagram gave the currency a short-term price boost. All this talk of Ronaldinho and crypto has people scratching their heads again about whether celebrity-backed cryptocurrencies are for real. Here’s the thing: some people in crypto are still jumpy about scams. These scams involve jacking up the price of a coin super fast, then dumping it, leaving everyone holding worthless coins. With all this confusion, it’s impossible to say if Water Coin is actually valuable or what its future holds.
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