Fame

<h4><strong><a href="https://app.bubblemaps.io/sol/token/B6h248NJkAcBAkaCnji889a26tCiGXGN8cxhEJ4dX391" target="_blank" rel="noopener">The impact</a> was immediate and profound, triggering a staggering 214% increase in the token’s value within just one hour. </strong></h4> 
<p>This surge saw trading volume spike from $14.55 million to $25.55 million, underscoring the influence of celebrity endorsements in the digital asset space.</p> 
<h5><strong>Highlighting $WATER’s Crypto Fame and Risks</strong></h5> 
<p><a href="https://www.coingecko.com/en/coins/water-coin" target="_blank" rel="noopener">$WATER</a>, a meme coin hosted on the Solana blockchain, had previously experienced relative obscurity despite its intriguing premise. Notably, 30% of its supply is controlled by insiders, adding a layer of complexity to its market dynamics. The token’s journey includes a recent presale where it achieved remarkable success, hitting its 55,555 SOL hard cap in under 10 minutes with nearly 333,000 SOL contributed.</p> 
<p><img decoding="async" class="wp-image-145057 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xcvcvvbcxvdssdsesf-300x282.jpg" alt="" width="472" height="444" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xcvcvvbcxvdssdsesf-300x282.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xcvcvvbcxvdssdsesf.jpg 391w" sizes="(max-width: 472px) 100vw, 472px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/bubblemaps/status/1810376413012537620" target="_blank" rel="noopener">X</a></strong></h6> 
<p>Before Messi’s endorsement, $WATER had struggled significantly, languishing over 90% below its all-time high. However, Messi’s public endorsement ignited a frenzy of investor interest, resulting in a meteoric 400% price increase over just two hours.</p> 
<p>Such rapid and dramatic fluctuations highlight both the volatility and speculative nature of meme coins, which often rely heavily on social media attention and celebrity endorsements for momentum.</p> 
<p><img decoding="async" class="wp-image-145059 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxgbhgfhy-252x300.jpg" alt="" width="460" height="548" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxgbhgfhy-252x300.jpg 252w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxgbhgfhy-352x420.jpg 352w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxgbhgfhy.jpg 391w" sizes="(max-width: 460px) 100vw, 460px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/CryptoRugMunch/status/1810355687643295840" target="_blank" rel="noopener">X</a></strong></h6> 
<p>One striking example of the impact of Messi’s endorsement was a single transaction where one of his fans reportedly invested $200,000 into $WATER tokens. This demonstrates the fervor and conviction that such endorsements can generate among followers and investors alike, underscoring the power of influencer marketing in the cryptocurrency space.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
<div class="youtube-embed" data-video_id="u66JVOI7jDA">
 <iframe title="Stay Away From These 3 Altcoins l CRYPTO CRASH!!! 😬" width="696" height="392" src="https://www.youtube.com/embed/u66JVOI7jDA?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/messis-water-endorsement-sparks-crypto-surge/">Messi’s $WATER Endorsement Sparks Crypto Surge</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Messi’s $WATER Endorsement Sparks Crypto Surge

Altcoin Buzz

Alte articole publicate pe 9 iul. 2024

Australia’s ASX greenlights second spot Bitcoin ETF

FTX News: Nishad Singh and Gary Wang Sentencing Dates Set Amidst Liquidation

Cboe Seeks SEC Approval for Solana ETFs, Initiates Decision Countdown

Crypto Senate Showdown: Deaton vs. Cain, Lummis’ Endorsement Sparks Debate

Solana Shows Resilience in Crypto Market

Crypto Prices Today July 9: BTC Bounces Near $57K Propelling Crypto Market Rally

Join our free newsletter for daily crypto updates!