Fun

Ronaldinho joins Messi in promoting water-themed Solana memecoin

News Feed - 2024-07-10 10:07:16

Brayden Lindrea7 hours agoRonaldinho joins Messi in promoting water-themed Solana memecoinWater Coin spiked nearly 40% one hour after Ronaldinho mentioned it in an Instagram post, but it has since settled below its pre-pump price.2613 Total views43 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksRonaldinho Gaúcho is the latest soccer legend to promote the Solana token Water Coin (WATER) on Instagram following a similar post from Lionel Messi’s Instagram account.


A July 9 Instagram story to his 76.6 million followers showed a photo of him with Water Coin’s mascot peeping over his shoulder, which tagged the token’s Instagram account.Source: Instagram


WATER rallied 38.8% to $0.0012 one hour after Ronaldinho’s post but has since dropped below $0.00083, CoinGecko data shows. Its price is now down 71% from its June 26 all-time high.WATER’s price over the last month. Source: CoinGecko


WATER’s price is up 158% from Messi’s Instagram post on July 8, which shared a similar picture to Ronaldinho’s post.


Water Coin is supposedly focused on raising awareness for water-related issues, including supporting sustainable projects that prevent deforestation and help water distribution in Africa, according to its website.


Water Coin’s roadmap outlines its plans to form celebrity partnerships before becoming a charity-focused environmental token to achieve its goal.


While the Water Foundation supposedly only distributed 5% of the 88.88 billion WATER tokens to itself, YouTuber Ajay Kashyap was among the industry critics who flagged WATER as a potential pump-and-dump token.


“Is this real or another pump and dump shit,” added crypto commentator Ponga. “Stay cautious boys.”


In August, Ronaldinho, a Brazilian national, appeared before a Brazillian parliamentary committee inquiry over an alleged $61 million crypto pyramid scheme that used his likeness.


The scheme, “18kRonaldinho,” promised 2% daily returns to investors and used images of the retired soccer star in its marketing.


Ronaldinho denied any involvement in the scheme, saying he never partnered with the project and argued he was also a victim as it used his likeness without his permission.


Related:Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye — Lawyers


It comes as multiple high-profile figures have launched and promoted crypto tokens, including former Olympian Caitlyn Jenner.


UFC fighter Khazmat Chimaev recently uploaded a video to his Instagram promoting a crypto token using his name — Khazmat Chimaev (SMASH) — but later claimed he didn’t have any involvement with the memecoin.


According to crypto sleuth ZachXBT, the SMASH token distribution had characteristics of a pump-and-dump scheme, with the SMASH team allegedly owning 78% of its supply.


Magazine: 1 in 6 new Base memecoins are scams, 91% have vulnerabilities# Altcoin# Football# Instagram# DeFi# MemecoinAdd reaction

News Feed

Zhiyuan Sun9 hours agoWhat is the ZK industry up to? Rollups, multichain bridges and VCsAs an emerging technology, how can zero-knowledge proofs remedy many issues across the crypto space?3332 Total views4 Total sharesLi
Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments
Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own d
Altseason Loading? Analyst Explains How FTX $5B Distribution May Trigger The Next Bull Leg
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Zhiyuan Sun7 hours ago‘Fuck regulators,’ said SBF behind closed doors: ReportThe disgraced crypto executive frequently praised the need for crypto regulation in public.2385 Total views34 Total sharesListen to article
Glassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’
Glassnode Report Says Bitcoin"s 2022 Price Drop Represents a Bear Market of "Historic Proportions" The crypto economy has slipped under the $1 trillion mark to the $970 billion ran
Survey: The Number of US Financial Advisors Allocating to Crypto in Client Portfolios Jumped 49% in 2020
Survey: The Number of US Financial Advisors Allocating to Crypto in Client Portfolios Jumped 49% in 2020 A survey reveals that the number of U.S. financial advis
Decentraland to Host Metaverse Fashion Week With Tommy Hilfiger, Dolce & Gabbana, Selfridges
Decentraland to Host Metaverse Fashion Week With Tommy Hilfiger, Dolce & Gabbana, Selfridges The blockchain-based virtual world Decentraland has announced the launch of a Metaverse
Jesse Coghlan21 hours agoFTX alleges former exec used ‘hush money’ to silence whistleblowersThe lawsuit claims that former compliance officer Daniel Friedberg paid whistleblowers to stop them from exposing the “tru
Total Value Locked in Cross-Chain Defi Bridges Exceeds $22 Billion, Jumping 48% in 30 Days
Total Value Locked in Cross-Chain Defi Bridges Exceeds $22 Billion, Jumping 48% in 30 Days On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is
Is Dogecoin copying the 2020 fractal that sent DOGE price soaring 15,800%?
Yashu Gola8 hours agoIs Dogecoin copying the 2020 fractal that sent DOGE price soaring 15,800%?DOGE"s bullish fractal also gains support from expectations of interest rate cuts, the upcoming Bitcoin halving, and Elon Mus
William Suberg8 hours agoBitcoin to $27K next? 1-week BTC price highs precede speech by Fed’s PowellBitcoin clinches a BTC price boost as the latest U.S. macro data flows in, with all eyes on Powell next.6443 Total vie
Shellfish Plant Is Putting Scallops on IBM’s Food Tracking Blockchain
A seafood plant is working with IBM to track the provenance of fresh scallops using blockchain technology. The Raw Seafoods plant in Fall River, Massachusetts, is collaborating with