Lionel Messi’s Instagram post boosted Solana-based meme coin Water while Base Dawgz emerges as a potential contender in the meme coin market.
In an astonishing turn of events, Lionel Messi’s recent Instagram post led to a dramatic surge in the price of the Solana-based meme coin, Water (WATER), highlighting the influence of celebrity endorsements in the cryptocurrency market.
Meanwhile, the emerging dog-themed meme coin Base Dawgz (DAWGZ) is gaining significant traction in its presale phase, showing promise as the next big contender in the meme coin space.
Messi’s Endorsement Propels WATER to New Heights
Football superstar Lionel Messi, who boasts 504 million followers on Instagram, posted an image of the meme coin Water (WATER), causing its price to skyrocket by nearly 400% in just three hours.
Despite the rapid price increase, the token remains down 80% from its all-time high. The post, still visible on Messi’s Instagram, does not appear to be a result of a hack, distinguishing it from recent incidents involving other celebrities whose accounts were compromised to promote meme coins.
An on-chain tracker, Bubblemaps, raised concerns about the token’s supply concentration, noting that a group of wallets controls 35% of WATER’s total supply. Despite this warning, investors flocked to buy the token, driving its trading volume to nearly $97 million and its market cap to over $80 million within 24 hours.
Other Solana-based meme coins like Zazu (ZAZU), Zoomer (ZOOMER) and Jeo Boden (BODEN) also experienced significant price increases in the wake of WATER’s surge.
The Rise of Base Dawgz (DAWGZ)
While WATER captures the limelight with its rapid price movement, Base Dawgz (DAWGZ) is steadily making a name for itself in the meme coin market. This new dog-themed meme coin has raised $2.4 million from an initial $300,000 in just over a month, reflecting strong investor interest and growth potential.
Multi-Chain Functionality
One of the most compelling features of Base Dawgz is its multi-chain capability. Unlike many cryptocurrencies that operate on a single blockchain, Base Dawgz will run on five different blockchain networks simultaneously: Base, Ethereum, Binance Smart Chain (BSC), Solana and Avalanche. This multi-chain approach offers investors flexibility and accessibility, positioning Base Dawgz as a unique and versatile option in the crypto market.
Staking and Referral Features
Base Dawgz has introduced a staking system that became available to all $DAWGZ holders immediately upon token purchase. Staking allows holders to lock their tokens into a smart contract for a fixed period, earning additional $DAWGZ tokens over time.
This staking system operates on Ethereum’s Layer 1 blockchain, with hourly distributions totalling 192,000 $DAWGZ tokens over the next year. This schedule ensures continuous compounding of holdings, maximising potential gains for investors.
In addition, Base Dawgz has implemented a Refer-and-Earn feature, incentivising community members to promote the project on social media. This feature allows users to generate a referral code and earn 10% of the presale investment in USDT from referred participants, fostering community growth and engagement.
Security and Transparency
To ensure investor confidence, the Base Dawgz smart contract has undergone a full audit by Solid Proof, confirming the absence of any issues in its code. This audit adds a layer of security and trust, crucial for attracting and retaining investors in the highly speculative meme coin market.
Community Engagement and Support
Base Dawgz has built a strong online community, with over 14,900 followers on Twitter and 12,300 active members in its Telegram channel. This robust community support is instrumental in driving awareness and excitement around the project.
Prominent YouTubers like Jacob ‘Crypto’ Bury have highlighted Base Dawgz’s potential, predicting it to be one of the most promising launches of the year. These endorsements add credibility and visibility to the project, attracting more investors.
INVEST IN $DAWGZ EARLY BEFORE IT BECOMES NEXT 100X CRYPTO
With its innovative multi-chain functionality, robust staking and referral systems and strong community engagement, Base Dawgz (DAWGZ) is well-positioned to capitalise on the growing interest in meme coins and AI-driven crypto projects. Investors looking to diversify their portfolios and seize opportunities in the cryptocurrency market should consider the potential of Base Dawgz.To participate in the $DAWGZ token, visit the Base Dawgz website and join the community on Twitter and Telegram. Don’t miss out on the opportunity to invest early in what could be the next major meme coin success story.
