Lionel Messi and Ronaldinho Gaúcho\'s WaterCoin (WATER) Promotion Raises Eyebrows

The celebrity memecoin trend is once again picking up pace after a brief lull. This time, the wave has swept from the usual social media influencers to the world of football

Lionel Messi’s recent promotion of a Solana memecoin on his Instagram story has sparked a mixed response from the crypto community. The post, which featured Messi with the mascot of the Water token on his shoulder, quickly garnered attention and drove a 350% surge for the token.

However, several people have taken to the official Water.Solana Instagram account to criticize the football star’s promotion of the token, which many asserted is part of a “pyramid scheme.”

Social media platform X has also been abuzz with similar reactions. X user Emperor Osmo highlighted the broader sentiment of surprise, questioning why Messi, who is one of the highest-paid athletes globally, has been linked to a memecoin.

Messi, one of the highest paid athletes in the world. Just promoted a $25m Solana shitter.

Clearly things are worse than we could have imagined or things are about to get much worse. pic.twitter.com/BEANYOjPxy

Moreover, concerns have been raised regarding the distribution of the Water token, with reports indicating that 30% of the entire supply is controlled by insiders.

In a related development, another football figure, Ronaldinho Gaúcho, also made an almost look-alike post on his official Instagram account with a similar post on July 9, 2024. The Brazilian former footballer player made the post to his nearly 77 million followers account.

Both Messi and Ronaldinho’s promotional posts have been later reposted to the official Instagram account of Water on Solana, expanding their reach to an additional 223,000 followers.

However, neither post has received a warm reception from the community. Both Messi and Ronaldinho have not made any additional comments on the matter, and it remains to be seen whether they will continue with the promotions.

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