Ronaldinho Ga├║cho recently endorsed Water Coin (CRYPTO:WATER) on Instagram, triggering a 38.8% price spike to $0.0012 shortly after his post, though the token has since fallen below its pre-pump levels to $0.00083.

This follows a similar promotion by Lionel Messi, which initially boosted WATER's price by 158% after his endorsement on July 8.

Despite its volatility, Water Coin aims to raise awareness for water-related issues and support sustainable projects globally, including initiatives in Africa.

However, critics like YouTuber Ajay Kashyap have flagged WATER as potentially susceptible to pump-and-dump schemes, urging caution among investors.