Brazilian Football Legend Ronaldinho Promotes WATER Solana Memecoin

Football stars Ronaldinho and Messi promote WATER token, a memecoin with unclear charitable goals and contradictory legal statements

Key Insights

  • Brazilian football legend Ronaldinho Gaucho promotes WATER Solana memecoin on his Instagram account, reaching nearly 77 million followers, with Lionel Messi’s account making a similar promotion a day earlier.
  • The WATER token, claiming charitable purposes but providing vague details, surges over 200% in 24 hours following the celebrity endorsements.

RIO DE JANEIRO (MarketsXplora) – Brazilian football icon Ronaldinho Gaucho has joined the cryptocurrency promotion fray, with his Instagram account sharing a story promoting the WATER Solana memecoin on Tuesday.

Ronaldinho, whose Instagram following stands at nearly 77 million, is the latest high-profile athlete to endorse the mysterious token. This move comes despite his previous denial of involvement in an alleged crypto scheme last year that promised returns of up to 400%.

Following Ronaldinho’s endorsement, MarketsXplora reported that Argentine football superstar Lionel Messi’s Instagram account, boasting over 500 million followers, had posted a similar promotion just a day earlier.

WATER Memecoin Surges 200% After Ronaldinho, Messi Promotions

The WATER token, which claims to be developed in partnership with the creators of the BEER memecoin, has seen a surge of over 200% in the past 24 hours, according to data from CoinGecko. It is currently tradable on exchanges such as Bitget, BitMart, and MEXC.

Despite the star-studded promotions, details about the WATER memecoin remain scarce. Its website describes it as a “charity token” aimed at addressing deforestation and water distribution in Africa, but provides limited information on how these goals will be achieved.

The token’s legal disclosures present a stark contrast to its charitable claims, stating, “WATER is a meme coin with no intrinsic value or expectation of financial return. WATER is completely useless and for entertainment purposes only.

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