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.

#MBAPPE #Memecoins #TON #DOGSONBINANCE #BNBChainMemecoins $BTC $ETH $SOL

📢Macro
⚫️The #NASDAQ index is down 1% at 17.6k, while gold prices have increased by 1% to 2555.
⚫️Nvidia's stock is down 5% in pre-market trading despite strong earnings.
⚫️OpenAI is negotiating a deal that could value the company at $100 billion.
⚫️Berkshire Hathaway's market value has reached $1 trillion.
⚫️Indonesia is considering a ban on the messaging app Telegram.
⚫️Brazil is on the verge of banning the social media platform X.
⚫️Apple has introduced a new feature to remove objects from photos.
⚫️Starlink will provide free services worldwide for emergency situations.

💰 Crypto
⚫️Bitcoin remains steady at $59.7k, Ethereum at $2545, and Solana has decreased slightly by 1% to $146.
⚫️The top performers in the market are HNT, IMX, ICP, ADA, and KCS.
⚫️The Ethereum ETF has received its first influx of cash in 10 days.
⚫️The #TON cryptocurrency jumped 6% in value following news of Durov's temporary release.
⚫️TON experienced another service outage linked to the launch of the #DOGS token.
⚫️AI-related cryptocurrencies have decreased in value following Nvidia's earnings announcement.
⚫️Brian Armstrong predicts a significant increase in cryptocurrency payments.
⚫️Binance has refuted claims that it froze accounts belonging to Palestinian users.
⚫️#CryptoCom and Standard Chartered have announced a partnership.

🌟 Web3 & NFT
⚫️Trending cryptocurrencies in niche markets include EZPZ, KET, APES, PORK, and PHIL.
⚫️Popular NFT collections include CryptoPunks and Ninjas.
⚫️OpenSea has received a Wells notice from the SEC, indicating potential regulatory actions.
⚫️Hamster Kombat, a new NFT project, is set for its Token Generation Event on September 26.
⚫️A trader has lost $1 million in a scam involving the #MBAPPE token.
⚫️Donald Trump has sold only 5% of his latest NFT collection so far.
⚫️Meta is developing new mixed-reality glasses.
⚫️Drift, a trading platform, has surpassed Polymarket in trading volume.