Investor’s $1M MBAPPE Bet Crashes in an Hour After Kylian Mbappé X Account Hack
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
A cryptocurrency investor lost over $1 million in just an hour on Thursday after buying a dubious meme coin called $MBAPPE. The coin was falsely promoted through French soccer star Kylian Mbappé’s hacked X account.
According to analytics firm Lookonchain, the investor created a new wallet and invested 7,156 $SOL, worth $1.03 million, into the $MBAPPE token in a single transaction. However, the investment’s value has since dropped to just $9.2K.
Someone created a new wallet and spent 7,156 $SOL($1.03M) to buy a #MEMEcoin named $MBAPPE in a single transaction, which is now only worth $9.2K.
This person lost more than $1M in just 1 hour!
