Investor Nets $200K While Another Loses $1M in Fake MBAPPE Token Scam
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On Thursday, hackers hijacked the Twitter account of French football star Kylian Mbappé, using it to promote a fraudulent token named MBAPPE. 

This incident marks yet another instance of high-profile social media accounts exploited to execute crypto scams. Following the hack, the market value of the MBAPPE token surged briefly before crashing, leaving some investors in profits and others in financial peril.

Within minutes of the promotional tweets, the market cap of the MBAPPE token skyrocketed, reaching tens of millions. However, this spike was short-lived as the token’s value plummeted to zero, resulting in significant losses for many investors.

Among those who managed to profit, a user reportedly invested 2 SOL, approximately $286, and sold at the token’s peak, securing a remarkable return of around 1,398 SOL, equivalent to $200,000.

Another trader, who frequently invests in meme coins, achieved a 4,330x return by spending 0.2 SOL, around $29, on MBAPPE and selling it just three minutes later for 866.13 SOL, roughly $125,160.

Substantial Losses Amidst Brief Profits

Despite the few who profited, an investor faced severe financial losses as the MBAPPE token’s value crashed. A notable example is an investor who created a new wallet to invest 7,156 SOL, worth $1.03 million, into the token.

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