Key Takeaway:
- Solana-based memecoin WATER surged in value after football icons Ronaldinho and Lionel Messi promoted the project on social media
- Project aims to support charitable causes through initiatives like flood relief in Ukraine and providing clean water in Uganda and Ethiopia
- Despite celebrity endorsements, details about the project’s goals and funding remain unclear
Ronaldinho Gaucho Promotes WATER on Instagram
Solana-based memecoin WATER saw a brief increase in value following a promotional post by former Brazilian football star Ronaldinho Gaucho on Instagram. This came after Lionel Messi’s endorsement of WATER on the same platform, marking the involvement of two sporting legends in just two days.
Charitable Initiatives of WATER Project
In response to inquiries, a project representative highlighted various philanthropic efforts undertaken by WATER, including disaster relief in Ukraine, community education in Brazil, and clean water provision in Uganda and Ethiopia. The project emphasizes its partnership with the BEER memecoin team and commitment to combating deforestation and enhancing water distribution in Africa, albeit with scant details on implementation strategies and funding sources.
