The meme cryptocurrency WATER has attracted attention thanks to the support of two football icons — Lionel Messi and Ronaldinho, who promoted the token to their colossal fan bases, totaling over 570 million users. This advertising sparked mixed feelings in the cryptocurrency community, and the reaction to it was ambiguous.
Football stars and their influence on the market
The support of WATER by such outstanding athletes as Messi and Ronaldinho is a unique case in the world of cryptocurrencies. According to crypto expert Kraun Akinfolurin, WATER likely became the first meme token to receive advertising from such celebrities. Akinfolurin noted that investors who bought the token during its initial dip were able to double their investments due to the sharp price increase caused by Ronaldinho’s post. However, he also warned that such sharp fluctuations may signal a potential «crash» of the asset in the future.
Perspectives on the meme token
Crypto trader Haim, on the other hand, believes that the meme coin WATER has achieved significant success that other similar assets have failed to achieve. Haim emphasized that WATER not only attracted attention through celebrity support but also showed social responsibility by allocating $300,000 to provide clean water for those in need. This donation highlights that even meme tokens can have a positive impact on society.
Some participants in the crypto market expressed doubts about the reliability of WATER, speculating that celebrities may not have fully understood what they were endorsing. Crypto trader Nanu Yau expressed the opinion that Messi might have just been «having some fun» with this advertising, raising additional questions about the real motives and knowledge of celebrities about the project.
Market reaction and prices
Nevertheless, the support of WATER from football stars had a significant impact on its price. After Messi’s post with an image of the token, the price of WATER skyrocketed by 360%. Exactly one hour after Ronaldinho also published information about the meme coin, its value increased by more than 38%. These fluctuations underscore how quickly the cryptocurrency market can respond to news or advertising from well-known personalities.
Despite all the debates and doubts, the advertising of WATER by these football celebrities undoubtedly brought a significant surge of interest and price growth to the token. Whether WATER can sustain this growth or face new challenges, only time will tell. In any case, the influence of celebrities on the cryptocurrency market has become another example of how public attention and famous names can have a significant impact on financial assets.
