In the latest Instagram stories of the influencer Mr.Thank.You, who boasts 39.3 million followers on the platform, a certain crypto called “Beercoin” (BEER) was promoted, which in the last week has recorded a growth of 164%.
The subject, despite not being minimally competent in the cryptocurrency sector, has subtly invited his followers to invest in the memecoin, in view of alleged juicy profits.
In reality, Beercoin will most likely turn out to be yet another scam sponsored by celebrities and famous personalities who have no qualms about making money off the backs of their followers: be careful with these trash tokens!
Let’s see everything in detail below.
Mr.Thank.You sponsors the crypto Beercoin on Instagram: the coin surpasses 250 million in capitalization
Sergei Kosenko, also known as “Mr.Thank.You”, is promoting a crypto called “Beercoin” (BEER) to his community, which will likely end up losing 99% of its value.
The influencer, very well-known on Instagram with an audience of 39.3 million users, plays a philanthropic character who gives away (obviously fake) money to his followers, in addition to having produced some songs available on Youtube and Spotify.
Recently, among the latest qualities of Mr.Thank.You, the one of the “fuffa-guru” seems to have emerged: with a series of Instagram Stories, the questionable individual has subtly invited his large audience to invest in the crypto Beercoin given the supposedly solid community and the “serietà” of the project.
Despite the Instagram stories not being marked with ADV (given the clearly promotional nature), Mr.Thank.You explained that although he is not an expert in the field, and although he does not dispense financial advice, he will not sell his bag of Beercoin until the crypto increases its value by at least 10 times.
The currency, thanks also to the push from Mr.Thank.You, has reached a market capitalization of over 250 million dollars, with a volume of 103 million dollars in the last 24 hours.
The crypto operates on the blockchain Solana and is tradable on CEX such as Gate.io, Mexc, Bitget, and DEX such as Raydium.
Obviously Beercoin could still grow in quotations in a context where speculations find fertile ground and push the degen to purchase the BEER token.
In any case, this kind of valueless projects sponsored by influencers typically end up losing value as soon as they are presented to the general public.
The sense of the sponsorship would be precisely to attract new foolish buyers who offer themselves as exit liquidity for the project founders, who sell the majority of the tokens in their portfolio, causing the price to collapse.
Addirittura Mr.Thank.You si sarebbe autodefinito come il prossimo “Elon Musk”, judging from his “serietà” in investments and his propensity to buy memecoin.
At the time of writing the article Beercoin marks a value of 0.0005255 dollars per token, up 16% in the last 24 hours.
The era of celebrities who scam their followers: be careful not to get fooled
Since the times of the ICO, various celebrities have leveraged their online visibility to push the retail public to invest in so-called projects, similar to the crypto Beercoin, which over time have turned out to be real scams managed ad hoc to enrich their founders and collaborators.
The most fitting example is that of the ICO of “Centra Tech” strongly promoted by DJ Khaled and Floyd Mayweather in 2017 as a revolutionary payment solution, which then died miserably leaving investors holding the short end of the stick.
The same Mayweather would have recently created a token called FLOYD, and invited his followers on X to invest in it, only to delete all the tweets once the rugpull was executed.
Among other examples of popular characters, we find Paris Hilton and the wild sponsorship of another fraudulent ICO, as well as the support of Paul Pierce for the Safemoon token which now records a -99% from its highs.
To report also Kim Kardashian and her affiliation with EMAX, which cost her a fine of 250,000 dollars from the SEC in the following years, and the NFT scam project “Cryptosis” heavily discussed on Lana Rhoades’ social media.
Mr.Thank.You is just the latest in a long series of musicians, athletes, and influencers who, in search of easy profit, have no qualms about promoting trash tokens to all those followers who have contributed to their success over time.
Floyd Mayweather already deleted 
Some things never change with scamming your fans. pic.twitter.com/bh77Aqrg2Q
— ZachXBT (@zachxbt) June 2, 2024
In the world of finance, the terms “bull” and “bear” are often used to describe market trends. A “bull” market is characterized by rising prices, while a “bear” market is marked by falling prices. Understanding these concepts is crucial for investors.
The latest frontier of this terrible fraudulent trend can be observed within the launch platform of memecoin “Pump.Fun”, where anyone can easily create a token in a short time and attract buyers thanks to an appealing dashboard.
On this platform, celebrities create a memecoin with references to their own name or character, and after purchasing large amounts of the currency, they share the contract on their social channels inviting investment.
Once the token has reached a decent liquidity for their personal profit, generally around millions of dollars, they delete the previously published tweets and cause the token price to crash.
The integration with the various TelegramBot that automate trading operations make the games even more fake than they originally are, allowing a few designated individuals to purchase large sums of cryptocurrencies at the dawn of their listings, which will then be sold in the face of the last retail investors of the bull.
this shit flopped so hard
if you look at the pump fun transactions
was a straight rug pull mfs made 10+ sol on this project
study wanna be creators trying to turn celebrities
tiktok creators are the worst whole community is filled w brain rot https://t.co/gtKDORT6d5
— TJAY || WIFINANCE (@WiFlips) June 9, 2024
Attention therefore not to be fooled by these unscrupulous individuals, who in order to make money, are willing to deceive their own fans.
We hope that the Securities and Exchange Commission, rather than focusing on the definition of token security and attacking the largest crypto exchange platforms in the USA, can take action and put an end to this ugly and sad market trend.
Stay away from Mr.Thank.You and the crypto Beercoin.