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Home»ADOPTION NEWS»Lionel Messi’s Instagram account strangely posts a Solana Mimecoin promo
ADOPTION NEWS

Lionel Messi’s Instagram account strangely posts a Solana Mimecoin promo

By Crypto FlexsJuly 8, 20243 Mins Read
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Lionel Messi’s Instagram account strangely posts a Solana Mimecoin promo
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Token Project • July 8, 2024 2:16 PM EDT

Posted 1 minute earlier In ~

On Monday, Lionel Messi’s Instagram account suddenly posted a story that appeared to promote the Solana Mimecoin WATER.

Messi’s Instagram account has 504 million followers, making him the second most-followed person on the planet after footballer Cristiano Ronaldo.

An Instagram account linked to the WATER memecoin also shared the story in a post showing a photo of Messi with the Memecoin logo peeking over his shoulder. Memecoin’s X page has over 185,000 followers, but the post had not appeared as of Monday afternoon.

According to CoinGecko data, WATER surged more than 55% immediately after Messi’s Instagram post, but has since given back half of those gains. Without further confirmation from Messi or his team, the promotion of Mimecoin is similar to the mysterious claim made earlier this month that legendary professional wrestler Hulk Hogan had promoted a similar Mimecoin.

The post promoting Hogan’s Mimecoin was immediately deleted, and the wrestler denied any involvement. After Hogan’s X account post was deleted, Mimecoin lost approximately $15 million in market cap.

The Block attempted to contact WATER Mimecoin and Messi team officials but was unsuccessful.

Collaborating with BEER memecoin creators

According to a link to the WATER Mimecoin website, this Mimecoin was created “in collaboration with the founders” behind Solana Mimecoin BEER, which experienced extreme volatility last month.

“WATER is a meme coin with no intrinsic value or expectation of financial return.” According to the memecoin website, the token can also be purchased and traded on Bitget, BitMart, and MEXC.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Current financial disclosures include:

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

RT Watson is a senior reporter at The Block, covering a wide range of topics including corporate America, blockchain gaming, and NFTs. Previously, he covered entertainment at The Wall Street Journal, writing about Disney, Netflix, Warner Bros., and the creator economy, with a focus on technological disruption across media. Prior to that, he covered corporate, economic, and political news in Brazil at Bloomberg. RT has interviewed a wide range of people, including CEOs, media moguls, major influencers, politicians, blue-collar workers, drug dealers, and convicted criminals. He holds a Master’s degree in Digital Sociology.

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