Legendary Footballer Ronaldinho Gaúcho Promotes Solana-Based Token Water Coin (WATER) to 76.6M Followers

Legendary footballer Ronaldinho Gaúcho recently posted a story on his Instagram account promoting the Solana-based token Water Coin (WATER) to his 76.6 million followers.

Legendary footballer Ronaldinho Gaúcho has touted the Solana-based token Water Coin (WATER) to his 76.6 million followers on Instagram. The move follows a similar post by Lionel Messi that led to a nearly 400% surge in WATER’s price on Monday.

Both Ronaldinho’s and Messi’s stories featured images of themselves and the Water Coin mascot, along with a tag to the project’s Instagram account.

According to CoinGecko, Ronaldinho’s post resulted in a 38.8% increase in the price of Water Coin within an hour, bringing it to $0.0012. However, the token’s price later fell from its peak. Despite this decline, WATER has seen a gain of over 150% since Messi's recent promotion.

Water Coin, which aims to support water sustainability projects, has also announced plans for further celebrity partnerships. However, the project's credibility has been questioned by various figures.

YouTuber Ajay Kashyap and crypto commentator Ponga have raised concerns about Water Coin's potential as a pump-and-dump scheme, among other issues.

This is not Ronaldinho's first involvement in crypto promotion. He has reportedly promoted several projects in the past, including meme coins like Baby Doge and World Cup Inu, both of which have been accused of being pump-and-dump schemes.

The football legend was also linked to the “18kRonaldinho” project in 2022. This project was allegedly a $61 million pyramid scheme that promised unrealistic daily returns.

Despite facing controversy and accusations of dubious practices, Ronaldinho has denied any wrongdoing, claiming that he was also a victim of the unauthorized use of his likeness.

Last month, Ronaldinho expressed his enthusiasm for mainstream crypto adoption on X.

However, his post drew criticism from on-chain “detective” ZachXBT, who suggested that the football star’s latest pro-crypto comments may be influenced by financial troubles rather than genuine interest.

It's worth noting that Ronaldinho's tweet was no longer available at the time of reporting.

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