Real Madrid's world-famous football player Kylian Mbappe's X account was hacked. The hacker advertised the altcoin called MBAPPE through the X account.
The posts about the MBAPPE token from French football star Mbappe's X account quickly created a huge buzz. Although these posts were deleted in a short time, the price of the MBAPPE token rose to tens of millions of dollars in minutes. However, it fell to almost zero at the same speed.
Lookonchain noted that an investor purchased MBAPPE for 0.2 SOL (worth around $29) and sold it 3 minutes later, making a profit of $200,000.
“This guy hit the lottery ticket and ended up winning the 4,330x jackpot!
This guy spent 0.2 SOL ($29) to buy MBAPPE and sold it 3 minutes later for 866.13 SOL ($125k), making a 4,330x return.
This investor, who traded 251 MEMEcoins in the past month, invested small amounts such as 0.1 SOL, 0.2 SOL or 0.3 SOL in each memecoin, making a total profit of $126.7 thousand with a 35.46% profit rate!
Not everyone was as lucky as this investor. Another investor spent over $1 million worth of 7,000 SOL to buy MBAPPE. However, after the MBAPPE price dropped to zero, he was left with only $9,000 worth of tokens. This investor lost over $1 million in just one hour.
“Someone created a new wallet and spent 7,156 SOL (worth $1.03M) to buy MBAPPE in a single transaction. However, their tokens are only worth $9.2K.
This person lost over $1 million in just 1 hour!”
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!😱https://t.co/IKsUN14km1 pic.twitter.com/kTF6SQCKT4
— Lookonchain (@lookonchain) August 29, 2024
*This is not investment advice.
