By Wilfred Michael / 02.09.24
A cryptocurrency investor lost over $1 million in just an hour on Thursday after buying a dubious meme coin called $MBAPPE. The coin was falsely promoted through French soccer star Kylian Mbappé’s hacked X account. According to analytics firm Lookonchain, the investor created a new wallet and invested 7,156 $SOL, worth $1.03 million, into the $MBAPPE token in a single transaction. However, the investment’s value has since dropped to just $9.2K.