Ronaldinho Turns into Newest to Promote Solana Meme Token on Instagram

• Ronaldinho is the most recent soccer star to advertise Water Coin on Instagram, a Solana-based meme coin
• Earlier this week, soccer legend Lionel Messi promoted Water Coin on his Instagram Tales
• The worth of Water Coin rose practically 40% to $0.0012
• Water Coin claims it’s specializing in water-related points and sustainable initiatives

Soccer legend Ronaldinho Gaúcho has grow to be the most recent to advertise the Solana-based meme token Water Coin on his Instagram account.

On social media, the Brazilian retired soccer star posted a narrative to his 76.6 million followers displaying a photograph of him with the Water Coin’s mascot peering over his shoulder. It additionally tagged the mission’s Instagram account.

Following Ronaldinho’s put up, Water Coin’s worth rose practically 40% to $0.0012. The joy didn’t final lengthy, and on the time of publication, Water Coin’s worth had levelled at round $0.00088, CoinMarketCap information reveals.

Ronaldinho’s put up 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 an image of himself with the meme coin’s mascot peeking over his shoulder, together with tagging the mission’s Instagram account.

Notably, one of many exchanges itemizing the Water token is Bitget, an organization Messi has been partnered with since 2022.

Going through Criticism

In response to its web site, the charity token “goals to have a net-positive influence on [the] actual world with the assistance of charity.” Nevertheless, it doesn’t state the way it will obtain this.

Regardless of the promotion from a number of well-known soccer gamers, some have met their posts with criticism.

Taking to X, analyst @ericonomics wrote of Messi that this was the “third token rip-off” that he’s promoted, including “this time it’s Water. They may most likely rug quickly so make your self a favour and don’t purchase that sh*t.”

“The primary one was Leafty, which was a rug (they eliminated the liquidity like 5 days later lol),” @ericonomics wrote. “The second was PLANET, a gradual rug that’s like -90% since that promotion.”

Equally, this isn’t the primary time Ronaldinho has been related with a controversial crypto mission. Final August, he appeared earlier than a Brazilian parliamentary committee inquiry over an alleged $61m crypto pyramid scheme that used his likeness with out permission.

The scheme, “18kRonaldinho, used photographs of the soccer star in its advertising whereas promising buyers a 2% day by day return. Throughout the inquiry, Ronaldinho denied any involvement, claiming he by no means partnered with the corporate.