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Soccer Superstar Kylian Mbappe Launched A Meme Coin That Hit $465 Million Market Cap – Or Did He?

99bitcoins99bitcoins2024/08/30 11:15
By:AlexSam Cooling

Mbappe is the latest victim of a hacked X account, with the cyber crooks using the opportunity to shill a meme coin scam. But despite the risk, one trader made out with $121,000 on the freshest celebrity meme coin rug.

World Cup-winning soccer star Kylian Mbappe seems to be the latest superstar to have their X account hacked as part of yet another crypto scam.

Late on Wednesday, Mbappe’s X account went crazy with several offensive comments about fellow athletes and rival clubs.

At the same time, the account was promoting a meme coin, MBAPPE, that quickly pumped before being predictably dumped.

Celebrity Meme Coin MBAPPE Briefly Had A Larger Market Cap Than Established Solana Meme Coins Such As MICHI And GIGA

( MbappeUSD )

Like the other hacked celeb coins, the MBAPPE token was made on  Solana and very quickly hit a market cap of around $464 million before falling 99%. The most insane part is that its rise and fall all happened over the course of just one minute. Now, its market cap ranges between $40,000 and $50,000.

It is no wonder that this fake MBAPPE token initially rocketed to that level. His X account has over 14 million followers, with a cult-like following from French and Real Madrid soccer fans all over the world. But this success was short-lived.

EXPLORE: Best Crypto to Buy Right Now: RWA Coins, GameFi Picks and Meme Layer-2

Tale Of Two Degens: For Every Winner, There Is A Loser On The Other Side – Even on Meme Coin Scams

Although it took less than a minute for the token to fall 99% to under $5 million in market cap, one very fortunate trader capitalized on the moment. The lucky degen quickly turned $28 into an incredible $121,000, a 432,000% return for a few minutes of work.

( SOLSCAN )

On the flip side, not everybody was as lucky. One unfortunate trader bought $1 million worth of MBAPPE just before the token mooned. The problem is, they didn’t sell. That $1 million investment is currently worth under $10,000.

( SOLSCAN )

It seems very clear that Mbappé had his X account hacked, just like many other celebs and athletes before him. As well as shilling the MBAPPE token, the hacker also posted abuse toward Mbappe’s former teammate Lionel Messi, calling him a ‘midget’ and saying that Cristiano Ronaldo is the GOAT.

All of the tweets have now been deleted, so it would appear that Mbappe and his team are back in control of the account.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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