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The circus of celebrities and memecoins: this is how they scam you
Mr. Thank You, Instagram influencer with 39 million followers, just promoted Beercoin (BEER) in his stories without marking it as advertising. The coin rose 164% in a week and reached $250 million in market cap. Problem: the guy admitted that he doesn't understand anything about crypto, but he promises not to sell his tokens until they go up 10x. 🚩
The play is old, but it still works
We already know the pattern:
Floyd Mayweather did it with FLOYD (deleted the tweets after the rugpull). Kim Kardashian paid $250k in fines for EMAX. Paris Hilton, Lana Rhoades… the list is long.
Why this scam works
Platforms like Pump.Fun made it even easier: anyone can create a token in minutes, promote it on social media, and when there is enough liquidity, it disappears. Telegram bots automate everything so that insiders buy low and sell high while retail enters at the peak.
What nobody tells you
The real meaning of sponsorship is to attract “exit liquidity”: foolish buyers who serve so that the founders can walk away with the profits. Mr.Thank.You literally compared himself to Elon Musk while promoting this.
Moral: if a celebrity invites you to invest in crypto and it's not their profession, you know what's going to happen. Stay away.