Lionel Messi promoted Watercoin, a memecoin aimed at raising ecological awareness and solutions

WaterCoin's primary objective, as stated in its documentation, is to raise awareness about water-related issues and eventually transform into a fully-fledged ecological cryptocurrency.

The project's roadmap outlines a progression through four stages: starting with the token's initial presale, moving on to listings on centralized exchanges and forming partnerships with celebrities, and culminating in its vision as a "charity-focused environmental currency."

However, despite this ambitious roadmap, specific details on how WaterCoin plans to achieve these milestones are lacking. Furthermore, the token's price volatility suggests it may be subject to "pump and dump" trading patterns, where prices artificially inflate before collapsing.

Investing in memecoins like WaterCoin carries significant risks. Often, these coins experience rapid price increases that are not necessarily tied to the token's utility or real-world application, if any exists.

Despite these risks, many traders are undeterred, hoping to capitalize on potential windfall profits. The popularity of memecoins has sparked intense debate within the cryptocurrency community. Critics argue that these tokens tarnish the industry's reputation and attract regulatory scrutiny due to their speculative nature and volatile price movements.