• Ronaldinho is the most recent soccer star to advertise Watercoin, a Solana-based meme coin, on Instagram.
• Earlier this week, soccer legend Lionel Messi promoted WaterCoin on his Instagram Story.
• Watercoin value elevated by practically 40% to $0.0012.
• Watercoin claims to be targeted on water-related points and sustainable initiatives.

Soccer legend Ronaldinho Gaucho has turn out to be the most recent particular person to advertise Solana-based meme token Watercoin on his Instagram account.

On social media, the previous Brazilian soccer star shared a photograph of himself with the Watercoin mascot peering over his shoulder on his Tales for his 76.6 million followers, and likewise tagged the challenge's Instagram account.

Following Ronaldinho's put up, Watercoin's value rose by practically 40% to $0.0012. The joy didn't final lengthy, as the value of Watercoin remained steady at round $0.00088 on the time of publication, in line with knowledge from CoinMarketCap.

Ronaldinho's put up follows that of one other soccer legend, Lionel Messi.

Earlier this week, the Argentine promoted WaterCoin on his Instagram Story. Like Ronaldinho, he tagged the challenge's Instagram account in a photograph of himself with the memecoin mascot peeking over his shoulder.

Notably, one of many exchanges itemizing Water Token is Bitget, an organization Messi has been partnering with since 2022.

Going through criticism

In response to the corporate's web site, Charity Token “goals to create a internet optimistic influence in the actual world with the assistance of philanthropic causes,” but it surely doesn't specify the way it will obtain this.

Regardless of being promoted by a number of big-name footballers, some gamers have obtained criticism for his or her posts.

X analyst @ericonomics wrote about Messi that this was the “third token rip-off” he's promoted, and that “this time it's water. Do your self a favor and don't purchase that crap as a result of they'll most likely run away quickly.”

“The primary was Leafty, which was laggy (eliminated liquidity after 5 days lol). The second was PLANET, which has been gradual lag, like -90% for the reason that promotion,” @ericonomics wrote.

Likewise, this isn’t the primary time Ronaldinho has been linked to a controversial crypto challenge: final August, he appeared earlier than a Brazilian congressional committee investigating an alleged $61 million crypto Ponzi scheme that used his picture with out permission.

The scheme, referred to as “18k Ronaldinho,” was marketed utilizing the soccer star's picture and promised buyers a 2% each day return. In the course of the investigation, Ronaldinho denied any involvement and maintained he had by no means been affiliated with the corporate.