Melania Trump’s meme coin architects accused of pump-and-dump fraud in lawsuit

The GuardianThursday, October 23, 2025 at 3:38:49 PM
Melania Trump’s meme coin architects accused of pump-and-dump fraud in lawsuit
The architects behind Melania Trump's cryptocurrency, launched earlier this year, are facing serious allegations in a lawsuit claiming they engaged in a pump-and-dump scheme. Investors assert that the executives of Meteora knowingly created the $MELANIA coin with the intention of letting its value plummet after an initial surge. This situation raises significant concerns about the integrity of cryptocurrency ventures, especially those associated with high-profile figures, and highlights the risks investors face in this volatile market.
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