As Spain's coach declared his team can beat France in the World Cup, crypto traders on Solana acted. Unauthorized meme tokens like $MBAPPE surged in volume following France's strong tournament run.
These tokens are not endorsed by star player Kylian Mbappé or any football authority. The speculation mirrors a past episode where similar tokens reached a market cap of nearly half a billion dollars before collapsing entirely.
The pattern extends to other players. France teammate Ousmane Dembélé has also seen unauthorized tokens, though with less activity. The phenomenon contrasts with legitimate fan token platforms like Chiliz, which operate through official partnerships.
The tokens carry extreme risk. They have no backing, no revenue model, and their value is purely speculative, tied to short-term cultural moments.