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VisitWhat percentage of $WATER token supply will be controlled by the top wallets by the end of 2024?
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Lionel Messi Promotes $WATER Token on Instagram, Causing 200% Surge to $70M
Jul 8, 2024, 05:15 PM
Lionel Messi has promoted the Solana-based token $WATER on his Instagram story to his 504 million followers. Following the post, the token surged by 200%, reaching a $70 million market cap within an hour, but the price has since declined. Initially, the token's market cap jumped from $25 million to over $100 million. Concerns have been raised as a cluster of wallets controls over 35% of the token's supply, with some sources indicating it could be as high as 45%. The token is currently down over 90% from its all-time high. Messi's promotion has sparked significant attention and debate within the cryptocurrency community.
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