Token

Spike

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    <h4><strong>The breach promoted the obscure Pumpdotfun token, triggering a flurry of activity in the crypto market.</strong></h4> 
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   The hacker’s tweet about Pumpdotfun created a rapid and dramatic surge in the token’s value.
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<h5><strong>Mbappé Twitter Hack Sparks Pumpdotfun Token Surge</strong></h5> 
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   Within minutes of the post, the token’s market capitalization soared to an astonishing $470 million. This meteoric rise was fueled by the sudden influx of investors who were drawn to the token due to the endorsement from a high-profile figure like Mbappé, even though the promotion was unauthorized.
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<p>As quickly as Pumpdotfun’s value surged, it also plummeted. Within a matter of minutes, the token’s market cap crashed to below $100,000. This sharp decline highlights the speculative nature of cryptocurrency investments and the risks involved with tokens that can be easily manipulated.</p> 
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<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/SolanaFloor/status/1829150694454288673" target="_blank" rel="noopener">X</a></strong></h6> 
<h5><strong>More About Mbappe’s Twitter Hack</strong></h5> 
<p>The hack not only impacted the value of Pumpdotfun. Also, it raised significant concerns about the security of high-profile social media accounts. For public figures like Mbappé, whose influence extends far beyond the sports world, such breaches can lead to severe reputational damage and highlight vulnerabilities in digital security practices.</p> 
<p>In response to the incident, Mbappé’s team and Twitter are working to address the breach and secure his account. The footballer himself has yet to make a public statement regarding the hack. Meanwhile, the cryptocurrency community and regulatory bodies are likely to scrutinize the event closely to understand the mechanisms behind such rapid and dramatic market movements.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/mbappes-twitter-hack-drives-pumpdotfun-token-spike-and-plunge/">Mbappé’s Twitter Hack Drives Pumpdotfun Token Spike and Plunge</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Mbappé’s Twitter Hack Drives Pumpdotfun Token Spike and Plunge

Altcoin Buzz

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