- Mbappe's Account Hacked
- Reaction to Posts
- Investor Stories
French footballer's Kylian Mbappe's account was hacked and used to advertise the MBAPPE altcoin. As a result of the posts, the token price surged and then crashed.
Mbappe's Account Hacked
The account of famous French footballer Kylian Mbappe on the social network X was hacked. The hacker used it to promote the MBAPPE altcoin.
Reaction to Posts
Posts about the MBAPPE token from Mbappe's account quickly drew attention. Although the posts were soon deleted, the token's price soared to tens of millions of dollars in minutes and then plummeted back to near zero.
Investor Stories
Lookonchain noted that an investor bought MBAPPE for 0.2 SOL (around $29) and sold it 3 minutes later, making a $200,000 profit.
> "This guy hit the lottery ticket and ended up winning the 4,330x jackpot!
> This investor spent 0.2 SOL ($29) to buy MBAPPE and sold it 3 minutes later for 866.13 SOL ($125k), making a 4,330x return."
However, not everyone was so fortunate. Another investor spent over $1 million to buy MBAPPE but ended up with only $9,000 worth of tokens after the price crash.
> "Someone created a new wallet and spent 7,156 SOL ($1.03M) to buy MBAPPE. However, their tokens are only worth $9.2k."
The incident with Kylian Mbappe’s account hack and subsequent promotion of the MBAPPE altcoin highlighted the volatility of the cryptocurrency market and the risks involved in investment.
