Kylian Mbappé’s Twitter Hacked: The Rise and Fall of the $MBAPPE Meme Coin
The post Kylian Mbappé’s Twitter Hacked: The Rise and Fall of the $MBAPPE Meme Coin appeared on BitcoinEthereumNews.com.
In a startling incident, Kylian Mbappé’s Twitter account was reportedly hacked, unleashing a series of offensive remarks about rival athletes and promoting a questionable meme coin. The incident highlights growing concerns around the security of social media accounts, especially among high-profile figures in the sports industry. “Ok, I’ll admit it’s Sahil,” was one notable post that alluded to a prominent crypto promoter linked to the scheme, suggesting a deeper network of involvement. Kylian Mbappé’s Twitter hack raises red flags about social media security in the crypto space, illustrating the risks associated with cryptocurrency pump-and-dump schemes. The Rise and Fall of the MBAPPE Token On Wednesday evening, the notorious MBAPPE token launched on the Solana blockchain, achieving a staggering market capitalization of $464 million almost immediately following promotions through Mbappé’s compromised Twitter account. Rapidly gaining traction, the token surpassed well-known cryptocurrencies like Mog Coin and ApeCoin, only to plummet 99% shortly thereafter. Within minutes, the market cap diminished to a mere $57,000, leaving many investors bewildered. Timing the Market: Successful and Unfortunate Traders The token’s volatility created a brief window of opportunity for some traders. One lucky individual capitalized on the initial spike, transforming a mere $29 investment into an impressive $125,790 in just three minutes. However, not all traders experienced such fortune; another investor who bought in at the peak with a substantial $1 million stake found their investment devalued to around $14,600, illustrating the high-risk nature of trading in a landscape plagued by scams. The Broader Implications for Celebrity Influence and Security This hack raises pertinent questions about the safety measures in place to protect high-profile personalities from falling victim to cybercrimes. The recent incident involving Mbappé is not an isolated event; multiple celebrities and brands have faced similar scenarios where their social media accounts were used to further…
Filed under: News - @ August 29, 2024 8:27 pm