yolowire.com - A social media mention by soccer superstar Lionel Messi has sent obscure Solana based (CRYPTO: SOL) meme coin WATER’s (CRYPTO: WATER) price up 350%.
Messi shared an image on Instagram of the WATER token's mascot, which is a cartoon glass of water, along with a link to the Cryptocurrency project's Instagram page.
That was enough to send WATER’s price up 356% to $0.00146 U.S. per digital token.
The WATER token has since pulled back. However, its price is still up 215% in the last 24 hours following Messi’s mention on Instagram.
The obscure digital token now has a market capitalization of $94 million U.S.
Not much is known about the WATER token. On social media, the crypto claims to “…have a net-positive impact on the real world with the help of charity,” though it doesn't elaborate.
One of the few exchanges that WATER is traded on is Bitget, which Messi has partnered with since 2022.
Messi’s endorsement of WATER was met with some skepticism online, with people commenting that the soccer great is trying to make a quick buck off his social media followers, most of whom won’t know what they’re buying with the WATER meme coin.