On Monday, the Argentine nationwide workforce and Inter Miami participant shared a photograph together with his 504 million Instagram followers, and helped drive the value of the cryptocurrency WATER up by 356%.
The picture featured Messi with WATER’s mascot – a drawing of a glass of water – on his shoulder. He additionally included a hyperlink to the challenge’s Instagram web page.
Because of this, the value of WATER soared from $0.00032 to $0.00146 inside simply two hours, a 356% improve. The value has since dropped to only over $0.001, nevertheless it nonetheless marks a 215.6% rise within the final 24 hours. The coin now has a market cap of round $94 million.
Not a lot is understood in regards to the coin. In accordance with its devoted web site, the goal is “to realize a constructive affect on the true world by means of charity.” Nevertheless, the location gives no particulars on how this shall be completed, stating solely that “WATER is a meme coin with out intrinsic worth or expectation of economic return.” The builders hope to deal with points like deforestation and water distribution in Africa.
Messi’s hyperlink to WATER could also be by means of its availability on the crypto platform Bitget, which the soccer star has promoted since October 2022. Messi’s representatives didn’t reply to requests for remark.
Former Brazilian soccer legend Ronaldinho additionally promoted the coin on his Instagram, serving to to spice up its value. He posted a photograph with the glass of water mascot on Tuesday.
