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This can be an issue with the Firmware, so I would first like you to do this please.
Remove the charger from the Kindle and hold the power button to off for 35 seconds.
Release, then connect the charger and try to turn on the Kindle.
Let me know the results please
The mainboard has shorted out, the water damage caused this.
The problem is the mainboard is 80% of the value of the device and unless in cases of warranty, they do not offer to replace this as the cost including labor would exceed the value of purchasing a replacement Kindle. You will need to purchase a new kindle. But all your books are linked to your amazon account, so when you set up the new kindle all your books will then be available again.
If you would like any additional information or assistance, please do not hesitate to let me know.
Else if you can take a second to rate my service by clicking one of the stars at the top of the screen then submit, that would be greatly appreciated.