As a seasoned crypto investor with a keen interest in memecoins, I’ve seen my fair share of price jumps and market hype surrounding these digital assets. The recent surge in Solana-based WATER memecoin’s price, coinciding with Lionel Messi’s social media post, has piqued my curiosity.
As a researcher studying the cryptocurrency market, I’ve noticed an intriguing development with Solana-based memecoin WATER. Recently, this token has experienced a significant price surge. Remarkably, this uptick occurred around the same time Lionel Messi, the renowned Argentine footballer, brought attention to it on his social media channels.
Is Messi Endorsing the Solana WATER Memecoin?
On Monday, Lionel Messi’s Instagram story featured a picture of him seemingly endorsing the WATER memecoin. The image showed Messi with the WATER logo visible behind his shoulders. A social media account thought to be associated with the memecoin also shared this photo in a post. Given Messi’s prominent status as an athlete, his Instagram endorsement could have significant impact on the public.
Based on his Instagram profile, he boasts a fan base of 504 million users, ranking him as the second most popular figure on the platform following Cristiano Ronaldo. Given the vast following WATER had recently acquired, it wasn’t surprising that its price experienced an unprecedented surge exceeding 55% increase in a short span of time.
At present, I observe that the value of WATER, the memecoin in question, has experienced a setback and has dropped by over 50% since its previous gain. However, it’s important to note that there is still a 21.12% upward trend within the last 24 hours, which might indicate potential growth opportunities for investors. Currently, WATER is priced at $0.001029.
As an analyst, I recall an intriguing parallel to the recent WATER post and last month’s buzz surrounding a memecoin linked to Hulk Hogan. No official statement has been made by Messi or his team regarding WATER. However, my memory is stirred by the episode involving the wrestler: posts promoting a Hogan-linked token circulated widely on social media platforms. Hulk Hogan himself denied any connection to the crypto asset, and soon enough, the token’s market capitalization plummeted by over $15 million.
Many top Solana meme coins have enjoyed positive audience from celebrities lately.
WATER Trades on Cryptocurrency Exchanges
As a crypto investor, I’ve come across WATER memecoin recently, and while there isn’t much publicly known about it, I discovered an intriguing connection. A link on its website leads to a page revealing that WATER was created “in collaboration with the brilliant minds” behind the Solana memecoin, BEER. It’s important to mention that BEER was one of the memecoins that experienced remarkable volatility last month.
As a researcher investigating the world of meme coins, I’ve come across WATER, which is described on its website as having no inherent worth or anticipated financial gain.
Detailed information on purchasing and trading the token has been provided, including platforms such as Bitget, BitMart, and MEXC. As crypto fans eagerly anticipate Messi’s announcement, it is important for cryptocurrency users to exercise caution and perform thorough research before investing their funds to minimize the risk of falling victim to scams.
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2024-07-09 00:44