Mbappe Token Mania: One Investor Makes 4,330X Profit While Another Loses $1M in Rug Pull

Mbappe Token’s Dual Impact: $125K Windfall for One Trader, $1M Loss for Another

Mbappe Token Mania – In a dramatic display of cryptocurrency volatility, one trader has reaped extraordinary rewards while another has suffered significant losses with the newly launched Mbappe token. According to Lookonchain, a prominent analytics platform, a crypto trader managed to secure a staggering 4,330X profit from a small investment in the Mbappe token.

Unbelievable Gains: From $29 to $125K

The trader’s success story began with an investment of just 0.2 SOL, equivalent to $29. Within a mere three minutes, the value of the Mbappe token soared, allowing the trader to sell their holdings for 866.13 SOL, worth $125,160. This meteoric rise in value underscores the trader’s strategic timing and acute market awareness. Notably, this trader has also diversified investments across 251 meme-themed cryptocurrencies, demonstrating a calculated approach to risk management. Over the past month, this strategy has yielded impressive profits totaling $126,700, reflecting a 35.46% success rate.

Simultaneous Loss: Investor Loses $1 Million in Mbappe Token Scam

In stark contrast, another investor faced a devastating loss with the same token. Lookonchain reported that this individual invested $1.03 million (7,156 SOL) in the Mbappe token. However, the token’s value plummeted within an hour, leaving the investor with holdings worth just $9,200. This drastic decline was attributed to a rug pull scam involving a hack of the French football star Kylian Mbappe’s X account. The hacker used Mbappe’s high-profile account to artificially inflate the token’s market value before dumping the entire supply, causing the token’s value to collapse.

The Role of Celebrity Endorsements and Hacks

The Mbappe token incident is a stark reminder of the risks associated with celebrity-endorsed cryptocurrencies. The hack of Kylian Mbappe’s account, which boasts over 14.4 million followers, was used to pump the token’s value before the fraudulent sale of all token supplies. This kind of manipulation is not unprecedented, as similar tactics have previously affected other high-profile figures, such as singer DOJA Cat.

FAQ