According to a report by Jinsuo Finance, court documents show that executives of Meteora, the issuer of the Meme coin MELANIA launched by Melania Trump in January, have been accused of organizing token issuance while knowing a big dump would occur. On January 19, the day before Trump was inaugurated as President of the United States, the Meme coin MELANIA was issued at a low price of a few cents per coin, which then soared to $13.73, with the current price being less than one percent of its peak.
Investors accuse the initial issuance platform of the Meme coin MELANIA, Meteora executives, of orchestrating a scheme to sell off for huge profits while causing a big dump in prices.
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MELANIA token issuance party Meteora executives accused by investors
According to a report by Jinsuo Finance, court documents show that executives of Meteora, the issuer of the Meme coin MELANIA launched by Melania Trump in January, have been accused of organizing token issuance while knowing a big dump would occur. On January 19, the day before Trump was inaugurated as President of the United States, the Meme coin MELANIA was issued at a low price of a few cents per coin, which then soared to $13.73, with the current price being less than one percent of its peak. Investors accuse the initial issuance platform of the Meme coin MELANIA, Meteora executives, of orchestrating a scheme to sell off for huge profits while causing a big dump in prices.