Currently, there are only few reports on water‐soluble photoinitiating systems. In this study, a highly water‐soluble organic dye i.e. sodium (E)‐3,3′‐((4‐(2‐(3‐methylbenzo[d]thiazol‐3‐ium‐2‐yl)vinyl)phenyl)azanediyl)dipropionate iodide, was synthesized and served as a photoinitiator. Notably, this water‐soluble initiator, at a low concentration of just 0.01 wt%, demonstrates a high photoinitiation ability, with some hydrogel formulations achieving nearly 100% double bond conversion under sunlight. Photopolymerization kinetics were monitored using Real‐Time Fourier Transform Infrared. To explore the complex chemical principles of radical polymerization, UV‐visible absorption and fluorescence spectroscopy, steady‐state photolysis, fluorescence quenching experiments and cyclic voltammetry were employed to gain a comprehensive understanding of the photochemical mechanism involved. Additionally, several characteristics of the synthesized hydrogels were also investigated i.e. the water content, the water swelling, and the volume swelling. In addition to their excellent photoinitiation capabilities, the hydrogel formulations developed in this study also supported 3D printing. 3D objects with smooth surface and a high spatial resolution could be successfully printed using direct laser writing. The fabricated hydrogels could reversibly change of shape in response to water (adding or removing water), enabling successful 4D printing behavior. Furthermore, the efficient photoinitiation ability of the water‐soluble formulations opens new avenues for sunlight‐polymerized hydrogels and potential applications in bioprinting.