A crypto trader suffered a significant loss, turning a $1 million investment into just $9,200 within an hour. The trader invested in a meme coin called MBAPPE on the Solana blockchain, only to see its value collapse. The coin, falsely associated with French football star Kylian Mbappé through a compromised social media account, was later revealed to be a scam. This incident highlights the substantial risks associated with investing large amounts in unverified digital assets and the dangers posed by market manipulation and illiquidity.

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