Kylian Mbappe’s Twitter Account Hacked, MBAPPE Token Released and Quickly Deleted

• MBAPPE token’s unauthorized release caused a brief market frenzy, then collapsed to zero.  
• One trader turned 2 SOL into 1,398 SOL, profiting $200K amid the token’s volatile rise and fall.  
• Solana (SOL) faces market uncertainty, fluctuating between $142-$148 with failed recovery attempts.

French football star Kylian Mbappe’s official Twitter account was recently compromised, leading to the unauthorized release of a cryptocurrency token named MBAPPE. The token’s launch triggered a brief but intense flurry of trading activity, with its market value skyrocketing into the tens of millions of dollars within mere minutes. 

However, this surge was short-lived, as the token’s value rapidly plummeted back to zero, leaving a trail of financial chaos in its wake.

The MBAPPE token, which was released following the hack, witnessed a dramatic increase in market value shortly after its introduction. Within minutes, traders and bots propelled the token’s market capitalization to tens of millions of dollars. 

The frenzy surrounding the token was further amplified by its sudden and unauthorized nature, enticing many to participate in what seemed like a lucrative opportunity. However, the excitement was short-lived. 

Amid the rapid rise and fall of the MBAPPE token, one user managed to turn the chaotic situation to their advantage. This individual initially invested 2 SOL, equivalent to approximately $286 at the time, into the MBAPPE token. 

Recognizing the token’s peak value during the trading frenzy, the user sold their holdings at the right moment, securing a significant profit of around 1,398 SOL, which translates to approximately $200,000. 

As of the press time, the price of Solana (SOL),was trading at $144.02, with a trading volume of $2.8 billion over the past 24 hours, Solana’s value has recorded a decrease of 2.53%, reflecting the market’s reaction to ongoing events.

Solana’s price chart shows a fluctuating trend, with values ranging between $142 and $148 throughout the day. The asset faced selling pressure, with multiple attempts at recovery that ultimately failed to maintain momentum. 

The price appears to be meeting resistance around $148, while support is found near $142, indicating ongoing market uncertainty.