Less than a day after Leo Messi referenced the memecoin WATER, former Brazilian football icon Ronaldinho posted a “shill” for it.
Yesterday, former Brazilian football hero Ronaldinho posted an Instagram story to promote the memecoin WATER, emulating Argentine soccer star Leo Messi.
Prominent soccer players are lending their support to WaterCoin (WATER), a memecoin project within the Solana (SOL) ecosystem that aims to raise awareness about water-related concerns.
According to the website, the inventors of WaterCoin want to address Africa’s clean water deficit and deforestation.
In contrast to many other memecoins, WATER has a worthwhile objective. Our cryptocurrency is intended to assist philanthropic endeavours in addition to ensuring equitable wealth allocation. You can help people with WATER without losing anything personally.
The investor community on X is concerned that the WATER token may be a “pump and dump” scheme because it is unclear how the project intends to carry out these altruistic efforts and address problems in Africa.
Memecoin celebrity endorsements have gained a lot of attention in recent months. Some contend that these behaviours might result in “rug pulls.” Stars like Hulk Hogan, 50 Cent, Sydney Sweeney, Metallica, and most recently Doja Cat have all experienced similar instances, with their social media accounts being hacked to promote questionable cryptocurrency.
Interestingly, Ronaldinho has experience with the cryptocurrency market before. He also pushed the World Cup Inu (WCI) memecoin on Ethereum in 2022, although he later denied any connection and that his name was being used unfairly.
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