<svg viewbox="0 0 100 20">
<defs>
<linearGradient id="gradient">
<stop color="#000"/>
</linearGradient>
<pattern id="wave" x="0" y="-0.5" width="100%" height="100%" patternUnits="userSpaceOnUse">
<path id="wavePath" d="M-40 9 Q-30 7 -20 9 T0 9 T20 9 T40 9 T60 9 T80 9 T100 9 T120 9 V20 H-40z" mask="url(#mask)" fill="url(#gradient)">
<animateTransform
attributeName="transform"
begin="0s"
dur="1.5s"
type="translate"
from="0,0"
to="40,0"
repeatCount="indefinite" />
</path>
</pattern>
</defs>
<text text-anchor="middle" x="50" y="15" font-size="17" fill="white" fill-opacity="0.1">LIQUID</text>
<text text-anchor="middle" x="50" y="15" font-size="17" fill="url(#wave)" fill-opacity="1">LIQUID</text>
</svg>
/* bigshot one font */
@import url(https://fonts.googleapis.com/css?family=Cabin+Condensed);
body,html{margin:0;padding:0;height:100%;}
body{
background: #f1f1f1;
background-size:cover;
font-family: 'Cabin Condensed', sans-serif;
display:flex;
flex-direction:column;
justify-content:center;
align-items:center;
}
svg{font-weight:bold;max-width:600px;height:100%;}
This Pen doesn't use any external CSS resources.