New court filings allege that the creators of the $MELANIA cryptocurrency, launched by Melania Trump, orchestrated a pump-and-dump scheme. The coin’s value surged to $13.73 shortly after its January release before plummeting to mere cents, mirroring the trajectory of Donald Trump’s $TRUMP coin. Investors accuse executives of the Meteora exchange platform of manipulating the market by indirectly purchasing large quantities of the coin and then reselling them for profit. This case has been added to existing legal proceedings, while the Trump family has reportedly earned significant profits from various cryptocurrency ventures.
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Cryptocurrency investors have filed a lawsuit alleging that the creators of the Melania coin, along with cofounders of Meteora and Kelsier Labs, engaged in a pump-and-dump scheme. The complaint accuses Benjamin Chow and Hayden Davis of using a “repeatable six-step ‘playbook'” to fraudulently inflate the value of the meme coin and others before selling them off, resulting in significant investor losses. The plaintiffs claim that Melania Trump’s name and likeness were used as “window dressing” to mislead investors into believing the venture was legitimate, despite the coin’s drastic devaluation since its launch. The case is expected to clarify token launch expectations and disclosures in the US, according to the plaintiffs’ attorney.
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Argentina’s opposition is threatening impeachment proceedings against President Milei following the swift collapse of a cryptocurrency he promoted. The situation has sparked intense debate and fueled existing concerns about his leadership. The controversy centers around the alleged “pump and dump” scheme surrounding the coin, leaving many investors with significant losses.
The speed and scale of the cryptocurrency’s crash have raised serious questions about whether the President’s endorsement was a calculated move to personally profit, a reckless gamble with the public’s trust, or a result of negligence. The accusations of a “rug pull,” where developers abandon a project, taking investors’ money with them, are particularly damning.… Continue reading
Argentine President Javier Milei initially promoted the Solana-based meme coin LIBRA on X, causing a rapid surge to a $4.5 billion market cap. However, following concerns about the project’s legitimacy and potential pump-and-dump scheme, the coin plummeted by over 96%, reaching a market cap of just $167 million. Milei later deleted his promotional post, claiming unawareness of the project’s details. On-chain analysis revealed several red flags, including a single wallet controlling a large portion of the supply and developers allegedly removing liquidity, exacerbating the price drop.
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Donald Trump’s newly launched cryptocurrency, $Trump, rapidly gained a market cap exceeding $6.5 billion before settling around $4.7 billion. The coin’s launch coincided with a pre-inauguration “Crypto Ball” and features Trump’s companies holding 80% of the tokens, raising concerns about potential conflicts of interest. Disclosures state the coin is non-political, despite Trump’s plans to prioritize cryptocurrency as president-elect. The significant holdings by Trump’s companies have fueled comparisons to “pump and dump” schemes.
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Trump launches a meme coin, and overnight, the cryptocurrency, dubbed $TRUMP, skyrockets to a staggering $32 billion market cap. This astonishing development is prompting widespread disbelief and outrage across the political spectrum. The sheer speed of its rise is unprecedented, hinting at significant artificial inflation rather than organic market forces.
The timing, days before a potential return to the presidency, adds a layer of complexity and suspicion to the situation. Many are questioning the ethics, legality, and potential conflicts of interest associated with such an undertaking. The inherent conflict between holding a position of immense public power and profiting from a personal financial venture of this nature is a blatant violation of the principles of good governance.… Continue reading
Logan Paul, a prominent social media influencer, faces renewed scrutiny regarding his cryptocurrency endorsements. Evidence suggests Paul promoted investments while secretly profiting from related anonymous wallets, resulting in significant price spikes and subsequent crashes. This follows allegations in a multi-million dollar lawsuit over his failed CryptoZoo project, where investors claim losses due to misrepresentations. Paul denies all wrongdoing, yet his actions raise concerns about his ethical obligations to his large and highly engaged fanbase.
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I have been closely following the recent news about Trump Media shares being halted after a sudden plunge in the DJT stock. It’s not surprising to see such drastic fluctuations in the market, especially when it comes to a company with questionable financials and motives. The fact that the stock has been on a rollercoaster ride, soaring from less than $13 to over $30 in just a few weeks, raises a lot of red flags.
The skepticism surrounding the company’s profitability and Trump’s intentions with his millions of shares add to the uncertainty. It’s clear that the stock exists as a means to funnel money to Trump without directly giving it to him.… Continue reading
John Q. Hosedrinker 
Matt Underwood