Jeo Boden

Solana

WATER

Planet

Story

On Monday, Lionel Messi, known as the football GOAT shared an Instagram story endorsing the Solana memecoin WATER with his 504 million followers.
This endorsement caused the token’s price to surge nearly 400% in just three hours, although it has since fallen 80% from its all-time high.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfxtIY_ozX7WAstKHPAh2WfpP3yS9EsnqKwcAx2UX6tSHz-9iO5gLxQeX89pI4k8YSd-AOz8hk24dWXcaOAExdmz0Je6ejaalNPrAjoSb9Uuhzqc49jiVHwp2Y3dzxdyhTA0-PlWtuulvV6QI7TaCV4S70?key=xoQSHAM29Cy4MVNZQAP3Hg" alt="AD 4nXfxtIY ozX7WAstKHPAh2WfpP3yS9EsnqKwcAx2UX6tSHz 9iO5gLxQeX89pI4k8YSd AOz8hk24dWXcaOAExdmz0Je6ejaalNPrAjoSb9Uuhzqc49jiVHwp2Y3dzxdyhTA0">
 <figcaption class="wp-element-caption">
 &nbsp;Lionel Messi’s Instagram Story
 </figcaption>
</figure>
Concerns have been raised about the concentration of the token’s supply, with an on-chain tracker, Bubblemaps, noting that a group of wallets controls 35% of WATER. Despite these warnings, many investors were influenced by Messi’s post and decided to buy the token.
Hackers are said to have recently accessed celebrity profiles in order to advertise meme currencies. The celebrities deleted every post from their profiles, even those unrelated to token-shilling, as soon as they were able to regain access to their accounts.
Two well-known examples are the musician 50 Cent and the actress Sydney Sweeney. But Messi doesn’t seem to be the exception. The Instagram story about the football player is still live as of this writing, and Messi made no claims about being hacked.
WATER claims its mission is to promote a “net-positive impact on the real world,” although specifics are not provided. In the past 24 hours, WATER’s trading volume has approached $97 million, with a market cap exceeding $80 million.
Additionally, other Solana-based meme coins like Zazu (ZAZU), Zoomer (ZOOMER), and Jeo Boden (BODEN) have also seen significant price increases of 63%, 29%, and 16%, respectively.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/03/02/lionel-messi-unveils-groundbreaking-rwa-with-planet-refi/" target="_blank" rel="noopener noreferrer nofollow">Lionel Messi Unveils Groundbreaking RWA with Planet Refi</a>
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Messi’s Instagram Story Promotes Solana Memecoin WATER

The Crypto Times

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