Celebrities and memecoins: the influencer Mr.Thank.You promotes the crypto Beercoin and invites his followers to invest

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 first week recorded a growth of 164%.

The subject, despite not being an expert in the cryptocurrency sector, has subtly invited their followers to invest in the memecoin, in anticipation of alleged juicy profits.

Before investing, it is still necessary to pay attention to these utility-free tokens, given the high probability of failure.

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 to his community a crypto called “Beercoin” (BEER), which is likely to lose 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 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 subject has subtly invited his large audience to invest in the crypto Beercoin given the alleged 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 like Gate.io, Mexc, Bitget and DEX like 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.

In fact, from its last ATH, Beercoin has lost over 80% of its value in a week.

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.

In fact, Mr.Thank.You would have ironically self-defined as the next “Elon Musk”, judging by his “seriousness” in investments and his propensity to buy memecoin.

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 phantasmagorical 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 bag.

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 figures, 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 affiliations 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 line 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.

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.

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.

Do your research and try to stay away from this type of projects.