# Ronaldinho Joins Messi in Solana Water Coin Surge, Memcoin Spikes 40% Post Instagram Endorsement By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/business/12282 Published: 2024-07-10T09:55:59.000Z Updated: 2024-07-10T09:55:59.000Z Section: Business > Ronaldinho Gaúcho’s Instagram endorsement of Solana's Water Coin led to a 40% surge, following a similar post by Lionel Messi. Ronaldinho Gaúcho’s Instagram endorsement of Solana's Water Coin led to a 40% surge, following a similar post by Lionel Messi. Ronaldinho's Instagram Endorsement According to [Cointelegraph](), following yesterday's comparable post from Lionel Messi's IG account, Ronaldinho Gaúcho is the most recent soccer icon to endorse the Solana token Water Coin (WATER) on Instagram. A snapshot of him with the mascot of Water Coin peeking over his shoulder was shared to his 76.6 million Instagram followers in a story on July 9. The photo was tagged with the token's Instagram account. One hour following Ronaldinho's post, WATER surged 38.8% to $0.0012, but according to CoinGecko data, it has subsequently fallen below $0.00083. Since reaching an all-time high on June 26, its price has fallen by 71%. Messi's Influence on WATER Price Messi's [Instagram post]() dated June 8, which posted an image similar to Ronaldinho's post, caused WATER's price to rise by 158%. The website claims that Water Coin's primary goal is to bring attention to water-related concerns and to fund sustainable projects that aid in water distribution in Africa and work to reduce deforestation. In its roadmap, Water Coin lays out its intentions to become a charity-focused environmental coin after forming collaborations with celebrities. Water Coin's Vision Suspected Despite claims that the WATER Foundation kept just 5% of the total 88.88 billion tokens, detractors in the industry, like YouTuber Ajay Kashyap, saw WATER as a possible pump-and-dump token. "Is this real or another pump and dump sh*t" crypto analyst Ponga chimed in. "Stay cautious boys". In August, a Brazilian parliamentary committee probed allegations that Ronaldinho was involved in a $61 million cryptocurrency pyramid scam. The "18kRonaldinho" scheme promoted itself using photographs of the retired soccer star and offered investors daily returns of 2%. Ronaldinho denied any involvement in the plan, stating that he had never cooperated with the enterprise. He also contended that he was a victim of the scheme because it utilized his likeness without his permission. Photo: [WaterCoin/X]() [TokenPost]() | info@tokenpost.com ## Links in this article - [Cointelegraph](https://cointelegraph.com/news/ronaldinho-messi-promote-crypto-water-memecoin) - [Instagram post](https://www.econotimes.com/Messi-Promotes-Solana-Based-Memecoin-WaterCoin-on-Instagram-Story-Sparking-Crypto-Buzz-1681172) - [WaterCoin/X](https://x.com/WaterMemeCoin) - [TokenPost](https://www.tokenpost.com)