MEME coin WATER raised 41 million US dollars in 5 minutes. Will the "German Prince" and Gotbit join forces to reap the rewards again?

Original title: "WATER:BEER, the MEME coin that raised $41 million in 5 minutes, is the same operator, "German Prince" and Gotbit teamed up to reap again?"

Original author: Frank, PANews

Although the market has not performed well recently, some people are still relying on MEME coins to make money crazily.

On June 21, a MEME coin called WATER Coin raised more than $41 million in the pre-sale stage alone. The project raised 200,000 SOL within 1 minute after the pre-sale started, and 300,000 SOL within 5 minutes, with a value of about $41 million, becoming the largest MEME coin pre-sale case to date, with more than 26,000 wallet addresses participating in this pre-sale. On June 24, the WATER token was launched on Solana, and its market value once exceeded $1 billion. For a newly launched project without clear endorsement, it is dramatic to complete such a funding amount. PANews conducted an in-depth analysis of this project and found that the popularity of this WATER token is not accidental.

The infamous "German Prince" is the operator behind it

According to PANews' investigation, the team behind WATER is the operator of the previously popular MEME token BEER on Solana.

The BEER token is a beer-themed MEME token. On May 20, the pre-sale reached 30,000 SOL, worth nearly $5 million. After the launch, the price of the BEER token soared, with the highest increase of 30 times and the market value reaching a maximum of $500 million. According to netizens, the team behind BEER coin is Marcus Prinz von Anhalt (generally known as Prinz Markus), a German brewer. Prinz Markus is a famous German businessman who also runs multiple nightclubs and brothels. He has gained public attention for his luxurious lifestyle. In 2006, he was adopted by the prince's wife and spent millions of dollars to buy his new name, Marcus Prinz von Anhalt, which means Prince Marcus von Anhalt. Since then, Prinz Markus likes to call himself the "German Prince" in the media. In 2014, Prinz Markus was sentenced to four years in prison for tax evasion and fraud, and was also charged with money laundering, tax fraud and human trafficking.

From Prinz Markus's social media information, he has been keen on investing in the cryptocurrency field in recent years. After the launch of the BEER token, he has taken the initiative to endorse BEER many times. Currently, Prinz Markus has 7.74 million followers on Instagram, and the prizes in the coin holding activities launched by BEER, such as CYBERTRUCK and private jet trips, free beer supply, etc., have also been displayed on Prinz Markus' social media. However, Prinz Markus's reputation is not good. On social media, some people directly call him a liar.

According to netizens, another initiator of BEER is German entrepreneur Ben Bilski, who was previously a professional swimmer and has won the German championship many times. After retiring, he started a business in the technology field. He founded NAGA Group AG (one of the most valuable fintech companies in Europe). Ben Bilski resigned as CEO of NAGA Group AG in March this year. According to public information, Ben Bilski is also keen on cryptocurrency investment.

In addition to the two German entrepreneurs, there is also a Gotbit hedge fund that is the operator behind BEER. Gotbit once clearly stated on Twitter that it had reached a cooperation with BEER and helped BEER complete the market value management. Gotbit is a hedge fund that specializes in helping tokens achieve market value growth. Previously, ZachXBT, a chain detective, said on the X platform: "I would be cautious about any project that cooperates with the market maker Gotbit Hedge Fund because a leaked report showed that there were big problems with the services it provided. Gotbit claimed in this document that its strategy is to push the price up to 10 times in the first few minutes of the price discovery phase to create FOMO and accumulate as much buying power as possible to reach the limit and sell all tokens in the subsequent peak." And judging from the price curve of BEER, it seems to be in line with this trading idea.

Unique marketing routine

Unlike many MEMEs, the marketing position of BEER tokens is not on Twitter, but on Instagram and Telegram. Its main user groups are from Germany and Dubai. In addition, BEER has made more designs in the gameplay, in addition to the normal pre-sale. BEER also launched various coin holding rewards and rewards after the market value breaks through certain ranges. The rewards include a two-person private jet trip to Munich Oktoberfest, an annual beer supply, a Tesla Cybertruck, and a personal custom brewed beer.

WATER adopted the same marketing strategy after its launch. WATER's token rewards include cruises, Maldives tours and more. In addition, the WATER token also simulates the characteristics of water in the token design, naming staking and token burning as freezing and evaporation.

In addition, the BEER team made full use of its influence on Instagram to promote it to many users who did not understand cryptocurrency, including some tutorials on how to register a wallet to buy BEER tokens from scratch. The athlete named absolut_lukas has commented on the project and forwarded it many times. The blogger has 66,000 followers on Instagram. A Twitter user named @Shayaniii revealed that "they have contacted a lot of influential people (not only cryptocurrency people) and spread it like fire, even including big rappers, such as Luciano." Of course, the biggest help is Prinz Markus himself, who has posted videos on Instagram many times to promote the token.

In addition, the BEER community also has 2 million subscribers on the Telegram channel.

The team continues to ship, and the chain snipers suffer serious losses

Although the initial increase in BEER tokens was exaggerated, with the frequent sales of the team, the price also plummeted. As of June 25, the price of BEER tokens fell by more than 90% from the high point, and the market value also fell back to around US$50 million. According to LookonChain monitoring, the associated address of the BEER team has shipped many times after the price was raised, and a total of more than US$3 million has been sold. In this regard, BEER officials said in the Telegram community: "On-chain analysis shows that 95% of the quotas have been fully sold in the recent panic. This is a very good signal for the project, and we expect the subsequent sales pressure to be greatly reduced."

Perhaps seeing the strong wealth-making ability of MEME coins, WATER achieved unexpected results when it was issued. It received a pre-sale amount of US$41 million in 5 minutes. Far exceeding its expected hard cap of 55,500 SOL. In the end, WATER increased the hard cap to 250,000 SOL (about US$32.5 million) and refunded 11,000 SOL to the robot accounts participating in the pre-sale.

WATER tokens rose nearly 10 times in a short period of time after going online, and then fell all the way within a few hours. As of June 25, its price was as low as $0.00097, which was lower than the issue price of $0.0016 at the opening.

In addition, the development team seems to have replicated the insider trading operation on BEER. According to lookonchain, the development team has transferred 844 million WATER tokens to 11 wallets that did not participate in the pre-sale. According to PANews’ investigation, these 11 wallets have currently sold WATER tokens worth $2.36 million, and still hold tokens worth 1.75 million, which are being sold one after another.

A sniper on the chain suffered heavy losses in this opening. The sniper with an address starting with 63KCv spent 15,000 SOL to buy WATER (worth about $1.9 million) after the opening. In less than 10 minutes, he sold it and only recovered 9,306 SOL, worth $1.2 million, with a loss of $710,000.

For the BEER team, the result of this pre-sale was far beyond imagination. However, the trend of the market seems to be difficult to replicate the route of BEER, and the team's usual strategy of rat warehouse has also exhausted the pond to catch fish. I wonder how many people are willing to pay for the next beverage MEME coin when it is issued.

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