First lady not named in suit in which investors allege Meteora platform created crypto they knew would plummet

First lady not named in suit in which investors allege Meteora executives created coin they knew would plummet

The designers of a cryptocurrency launched by the US first lady, Melania Trump, in January were accused in court filings on Tuesday of orchestrating a pump-and-dump scheme.

The $MELANIA coins were released for just a few cents each on 19 January, the day before Donald Trump was inaugurated as US president. In addition to $MELANIA, Donald Trump launched $TRUMP a few hours before his inauguration.

Within hours, the $MELANIA coin’s price soared to $13.73.

  • KoboldCoterie@pawb.socialEnglish
    7·
    22 hours ago

    First lady not named in suit in which investors allege Meteora executives created coin they knew would plummet

    Everyone knew it would plummet, except apparently the few suckers who bought into it. This is like going to a water park and suing because you got wet.