- Lionel Messi’s social media activity recently caused a stir in the cryptocurrency community.
- Many believe the football legend’s Instagram account was hacked to promote a meme coin.
- The promotion triggered significant price movements in the cryptocurrency market.
Discover the recent controversy surrounding Lionel Messi and a meme coin promotion on his Instagram account that has shocked both his fans and the crypto community.
Lionel Messi’s Instagram Account and Meme Coin Promotion
Argentinian football superstar Lionel Messi made headlines recently for an unexpected promotion of the meme coin WATER on his Instagram account, which boasts over 504 million followers. The post left many of his fans and the broader crypto community puzzled given Messi’s history of supporting environmentally focused projects.
The Alleged Hack and Community Reaction
The post promoting WATER remains a mystery, with speculation mounting that Messi’s account may have been hacked. This follows a trend of other high-profile hacks, such as those affecting Metallica and rapper 50 Cent. Despite Messi not reporting a hack until July 9, many fans insist that hackers exploited his account, possibly timed with his Copa América commitments.
Market Impact and Concerns
Messi’s post had an immediate impact, causing WATER’s price to skyrocket from $0.0003188 to as high as $0.001501, marking a 370% increase. Even after the initial surge, the coin’s value remained significantly elevated. However, there are additional concerns; on-chain analysis from Bubblemaps revealed that insiders control approximately 30% of WATER’s supply, raising red flags about the token’s distribution and market behavior.
Fan and Crypto Community Backlash
Many of Messi’s followers and members of the crypto community expressed disappointment and frustration over the incident. Some theorize that a dubious group from Dubai orchestrated the manipulation. One social media user known as Golden Deged summarized the sentiment by lamenting Messi’s endorsement of what was perceived as a risky meme coin with a market cap bolstered by the visibility from his Instagram post.
Conclusion
The incident involving Lionel Messi and the promotion of the WATER meme coin has stirred significant debate and speculation. While it remains unconfirmed whether the football star’s account was hacked, the episode underscores the influence celebrities wield in the crypto market and the potential risks involved. As the situation evolves, both fans and crypto enthusiasts await further clarity.
