Solana-based memecoin WATER is registering an enormous worth bounce in the meanwhile. It coincided with the interval that common Argentine footballer Lionel Messi posted concerning 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 seemed like he was selling the WATER memecoin. There was an image of Messi with the WATER emblem peeking over his shoulders. An Instagram account believed to be related to the memecoin shared the identical story in a publish. As a famend sportsman, Messi’s publish might imply lots to the general public.
In keeping 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 enormous followership, WATER should have acquired a lift because it wasn’t lengthy earlier than this that its worth jumped by greater than 55%.
As of the time of this writing, the memecoin had misplaced greater than half of this acquire however remains to be on a optimistic increase. WATER at present trades at $0.001029 with a 21.12% enhance throughout the final 24 hours.
Neither Messi nor his administration crew has made any official assertion concerning the WATER publish. Nevertheless, it brings to remembrance an identical memecoin that was allegedly linked to common 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 prime Solana meme cash have loved optimistic viewers from celebrities currently.
WATER Trades on Cryptocurrency Exchanges
Not a lot is understood concerning the WATER memecoin however a hyperlink related to the web site of the digital forex, directs to a web page the place it was said 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 will be purchased and traded have been equally added. This contains Bitget, BitMart and MEXC. Whereas crypto fans await Messi and his crew to speak concerning 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 might 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 duty to your private monetary loss.
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