<svg viewbox="0 0 100 20">
  <defs>
    <linearGradient id="gradient" x1="0" x2="0" y1="0" y2="1">
      <stop offset="5%" stop-color="#326384"/>
      <stop offset="95%" stop-color="#123752"/>
    </linearGradient>
    <pattern id="wave" x="0" y="0" width="120" height="20" 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="url(#wave)"  fill-opacity="0.6">LOADING</text>
  <text text-anchor="middle" x="50" y="15" font-size="17" fill="url(#gradient)" fill-opacity="0.1">LOADING</text>
</svg>
body,html{margin:0;padding:0;height:100%;}
body{
  background:url('https://farm9.staticflickr.com/8760/17195790401_ceeeafcddb_o.jpg');
  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:auto;}

External CSS

This Pen doesn't use any external CSS resources.

External JavaScript

This Pen doesn't use any external JavaScript resources.