A trader lost about $1 million in a single hour after investing in Solana-based (SOL) memecoin MBAPPE. Data shared on Aug. 29 by blockchain analytics firm Lookonchain shows that the memecoin was acquired by a fresh Solana wallet that spent 7,156 SOL on it. The newly acquired token is now worth about $9,200. Someone created a new wallet and spent 7,156 $SOL($1.03M) to buy a #MEMEcoin named $MBAPPE in a single transaction, which is now only worth $9.2K. This person lost more than $1M in just 1 hour!