PANews reported on October 23rd that, according to Forbes , traders allege in an updated lawsuit that $MELANIA , along with $M3M3 , $LIBRA , $ENRON , and $TRUST, is part of a fraudulent scheme allegedly manipulating issuance and prices, exploiting internal systems and marketing tactics on Solana to pump and dump prices. The lawsuit alleges that Melania Trump served only as an "endorsement window" and did not participate in the fraud. $MELANIA 's current market capitalization is approximately $ 850.6 million, priced at $ 0.09346 . Following its January IPO, its market capitalization exceeded $ 2 billion, but was halved within days. The plaintiffs are requesting disgorgement of ill-gotten gains, an injunction, and the seizure of relevant systems by an independent monitor. The White House and the defendants' lawyers have not responded.PANews reported on October 23rd that, according to Forbes , traders allege in an updated lawsuit that $MELANIA , along with $M3M3 , $LIBRA , $ENRON , and $TRUST, is part of a fraudulent scheme allegedly manipulating issuance and prices, exploiting internal systems and marketing tactics on Solana to pump and dump prices. The lawsuit alleges that Melania Trump served only as an "endorsement window" and did not participate in the fraud. $MELANIA 's current market capitalization is approximately $ 850.6 million, priced at $ 0.09346 . Following its January IPO, its market capitalization exceeded $ 2 billion, but was halved within days. The plaintiffs are requesting disgorgement of ill-gotten gains, an injunction, and the seizure of relevant systems by an independent monitor. The White House and the defendants' lawyers have not responded.
Meme coin $MELANIA faces lawsuit over alleged pump-and-dump scheme, Melania Trump not accused of involvement
PANews reported on October 23rd that, according to Forbes , traders allege in an updated lawsuit that $MELANIA , along with $M3M3 , $LIBRA , $ENRON , and $TRUST, is part of a fraudulent scheme allegedly manipulating issuance and prices, exploiting internal systems and marketing tactics on Solana to pump and dump prices. The lawsuit alleges that Melania Trump served only as an "endorsement window" and did not participate in the fraud. $MELANIA 's current market capitalization is approximately $ 850.6 million, priced at $ 0.09346 . Following its January IPO, its market capitalization exceeded $ 2 billion, but was halved within days. The plaintiffs are requesting disgorgement of ill-gotten gains, an injunction, and the seizure of relevant systems by an independent monitor. The White House and the defendants' lawyers have not responded.
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