WATER meme coin surges over 350% on Lionel Messi’s Instagram promotion

Solana-based meme coin WATER saw a mad surge after soccer superstar Lionel Messi promoted the token on his Instagram story. The token saw a 356% surge, jumping from $0.00032 to $0.00146 in the two hours following the post.

Messi shared an image displaying the token’s mascot, a cartoon glass of water, perched on his shoulder, with a link to the project’s Instagram page on Monday.

WATER subsequently pulled back and sits at just over $0.001 as of press time.

The token has a market cap of around $94 million and a 24-hour trading volume of slightly under $40 million.

WATER is available on the Bitget crypto exchanges which has had a partnership with the Argentinian Inter Miami star since October 2022.

Messi’s post was met with skepticism from commentators in the crypto community.

Subsequently, former Brazilian soccer superstar Ronaldinho seems to have promoted the project on Instagram, leading to a slight bump in the token’s price.

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