Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO 
FxWirePro- Major Crypto levels and bias summary 
SpaceX Sets IPO Price at $135 Per Share Ahead of Historic Nasdaq Debut 
South Korea Weighs AI Profit Sharing as Samsung and SK Hynix Earnings Surge 
Jensen Huang Strengthens Nvidia’s South Korea Ties Amid AI Expansion 
FxWirePro- Major Crypto levels and bias summary 
SK Hynix Stock Rebounds as AI Memory Chip Demand Fuels Expansion Plans 
Naver Stock Jumps on NVIDIA Partnership to Build South Korea’s AI Infrastructure 
Meta Delays Release of New AI Model as API Rollout Remains Uncertain 
Meta Challenges Australia’s Proposed Tech Tax, Citing U.S. Trade Agreement Concerns 
Astera Labs and Rocket Lab Surge After Nasdaq-100 Inclusion Announcement 
Ronaldinho Gaúcho’s Instagram endorsement of Solana's Water Coin led to a 40% surge, following a similar post by Lionel Messi.
Ronaldinho's Instagram Endorsement
According to Cointelegraph, following yesterday's comparable post from Lionel Messi's IG account, Ronaldinho Gaúcho is the most recent soccer icon to endorse the Solana token Water Coin (WATER) on Instagram.
A snapshot of him with the mascot of Water Coin peeking over his shoulder was shared to his 76.6 million Instagram followers in a story on July 9. The photo was tagged with the token's Instagram account.
One hour following Ronaldinho's post, WATER surged 38.8% to $0.0012, but according to CoinGecko data, it has subsequently fallen below $0.00083. Since reaching an all-time high on June 26, its price has fallen by 71%.
Messi's Influence on WATER Price
Messi's Instagram post dated June 8, which posted an image similar to Ronaldinho's post, caused WATER's price to rise by 158%.
The website claims that Water Coin's primary goal is to bring attention to water-related concerns and to fund sustainable projects that aid in water distribution in Africa and work to reduce deforestation.
In its roadmap, Water Coin lays out its intentions to become a charity-focused environmental coin after forming collaborations with celebrities.
Water Coin's Vision Suspected
Despite claims that the WATER Foundation kept just 5% of the total 88.88 billion tokens, detractors in the industry, like YouTuber Ajay Kashyap, saw WATER as a possible pump-and-dump token.
"Is this real or another pump and dump sh*t" crypto analyst Ponga chimed in. "Stay cautious boys".
In August, a Brazilian parliamentary committee probed allegations that Ronaldinho was involved in a $61 million cryptocurrency pyramid scam. The "18kRonaldinho" scheme promoted itself using photographs of the retired soccer star and offered investors daily returns of 2%.
Ronaldinho denied any involvement in the plan, stating that he had never cooperated with the enterprise. He also contended that he was a victim of the scheme because it utilized his likeness without his permission.
Photo: WaterCoin/X
