- Ronaldinho is the most recent soccer star to advertise Water Coin on Instagram, a meme coin primarily based on Solana
- Earlier this week, soccer legend Lionel Messi promoted Water Coin on his Instagram Tales
- The value of Water Coin rose virtually 40% to $0.0012
- Water Coin claims to give attention to water-related points and sustainable initiatives
Soccer legend Ronaldinho Gaúcho has turn out to be the most recent to advertise Solana-based meme token Water Coin on his Instagram account.
The retired Brazilian soccer star posted a narrative to his 76.6 million followers on social media, that includes a photograph of him with the Water Coin mascot peering over his shoulder. She additionally tagged the mission's Instagram account.
After Ronaldinho's publish, the worth of Water Coin rose virtually 40% to $0.0012. The joy didn't final lengthy, and on the time of publication, the worth of Water Coin settled at round $0.00088, CoinMarketCap knowledge exhibits.
Ronaldinho's publish follows that of one other soccer legend, Lionel Messi.
Earlier this week, the Argentinian participant promoted Water Coin on his Instagram Tales. Like Ronaldinho, Messi confirmed a photograph of himself with the coin meme mascot peeking over his shoulder, together with tagging the mission's Instagram account.
Particularly, one of many exchanges itemizing the water token is Bitget, an organization Messi has been working with since 2022.
Dealing with criticism
In response to its web site, the charity token “goals to have a web constructive impression on the (actual) world with the assistance of charity. Nevertheless, it doesn’t specify the way it achieves this.
Regardless of the assist of a number of well-known footballers, some have been met with criticism for his or her posts.
Analyst @ericonomics wrote about Messi in an interview with X that that is the “third token rip-off” he promotes, including: “this time it's water. There’ll in all probability be carpets quickly, so do your self a favor and don't purchase that shit.”
“First was Leafty which was a rug (they eliminated liquidity like 5 days later lol),” wrote @ericonomics. “The opposite was PLANET, a sluggish carpet that’s about -90% since that promotion.”
Neither is it the primary time Ronaldinho has been linked to a controversial crypto mission. Final August, he appeared earlier than a Brazilian parliamentary fee investigating an alleged $61 million crypto pyramid scheme that used his likeness with out permission.
The “18kRonaldinho scheme used photos of the soccer star in its advertising and marketing and promised traders a 2% each day return. Through the investigation, Ronaldinho denied any involvement and claimed he was by no means a companion within the firm.
