MELANIA Token Issuer Meteora Executive Accused by Investors

By: theblockbeats.news|2025/10/22 10:45:53

0

Share

copy

BlockBeats News, October 22nd, according to court documents, former First Lady Melania Trump's January-launched Meme coin MELANIA's issuer Meteora's executives have been sued, accused of organizing the token issuance knowing it would experience a sharp drop. On January 19th, the day before Trump's inauguration as President of the United States, the Meme coin MELANIA was issued at a few cents per coin, subsequently skyrocketing to $13.73, currently trading at less than one percent of its peak price.

Investors accuse the executives of the Meme coin MELANIA's initial issuance platform Meteora of orchestrating a scheme to dump and profit massively while causing a price crash. According to a survey published last week by the Financial Times, the Trump family has made over $1 billion in pre-tax profits in the past 12 months through various cryptocurrency-related products and companies. In the latest filings in the Southern District of New York court, the plaintiffs stated that they do not believe First Lady Melania is "guilty," but they accuse the cryptocurrency company of using her and other public figures as a "front" for their crimes. Meteora has not yet responded to requests for comment.

-- Price

You may also like

The craziest Ethereum L2: L2 built by AI agents spontaneously organizing

The craziest Ethereum L2: L2 built by AI agents spontaneously organizing

This idea seems crazy, but it is not impossible.

Pantera Capital: How has Crypto as a Service affected us?

Pantera Capital: How has Crypto as a Service affected us?

If you are planning to start a business in 2026, my advice is simple: Instead of just talking about technology, focus more on how you can solve real-world problems.

Pantera Capital: What changes have we made when crypto is treated as a service?

Pantera Capital: What changes have we made when crypto is treated as a service?

If you are planning to start a business in 2026, my advice is simple: stop talking excessively about technology and focus more on the actual problems you can solve.

Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious

Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious

"The Ethereum token economic model has collapsed, wake up and see this clearly."

Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?

Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?

Equity tokens represent the next challenge: can tokenization expand from payments to ownership of financial assets?

CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX

CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX

A large-scale capital migration driven by platforms such as Hyperliquid towards decentralized infrastructure from centralization.

a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps

a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps

The opportunity for stablecoins lies with those merchants that have yet to emerge.

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Farms are Turning to AI Hashpower with no Turning Back.

March 6 Market Key Intelligence, How Much Did You Miss?

March 6 Market Key Intelligence, How Much Did You Miss?

1. On-chain Funds: $16.3M USD has flowed into the OP Mainnet today; $13.7M USD has flowed out of Arbitrum 2. Largest Price Swings: $XPT, $AIX 3. Top News: Vitalik Calls on Ethereum Community to Shift Mindset, Uphold Core Principles, and Rethink Application Design "From Scratch"

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

The stablecoin opportunity lies with those merchants yet to come onboard.

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Gold is the only asset with a long-term history that can be transferred, is not easily replicable, and does not rely on anyone else's promise. Most currencies, debts, stocks, etc., are just promises of someone honoring their purchasing power.

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

A one-page paper listed a series of questions about the potential impact of AI progress. Looking back over two years later, these questions appear particularly prescient, although none of them provided a definitive answer at the time.

Wall Street Bears Target Ethereum: Vitalik In the Know Takes Flight, Tom Lee Remains Bullish

Wall Street Bears Target Ethereum: Vitalik In the Know Takes Flight, Tom Lee Remains Bullish

「The Ethereum Tokenomics Has Collapsed, Wake Up and Realize It」

Pump.fun Hacker Steals $2 Million, Receives 6-Year Prison Sentence, Opts for 'Self-Detonation'

Pump.fun Hacker Steals $2 Million, Receives 6-Year Prison Sentence, Opts for 'Self-Detonation'

Life of Talent, Paranoia, and Setbacks

6% Annual Percentage Yield as Musk Declares War on Traditional Banks

6% Annual Percentage Yield as Musk Declares War on Traditional Banks

A black metal card, 600x rate delta.

36 years, 4 wars, 1 script: How does capital price the world in conflict?

36 years, 4 wars, 1 script: How does capital price the world in conflict?

When the cannon fires, 10,000 ounces of gold. In a turbulent era, the wealth choice of the common people.

Mining Companies' Great Migration: Some Have Already Secured $12.8 Billion in AI Orders

Mining Companies' Great Migration: Some Have Already Secured $12.8 Billion in AI Orders

Mining companies turn to AI computing power, with no turning back.

The craziest Ethereum L2: L2 built by AI agents spontaneously organizing

This idea seems crazy, but it is not impossible.

Pantera Capital: How has Crypto as a Service affected us?

If you are planning to start a business in 2026, my advice is simple: Instead of just talking about technology, focus more on how you can solve real-world problems.

Pantera Capital: What changes have we made when crypto is treated as a service?

If you are planning to start a business in 2026, my advice is simple: stop talking excessively about technology and focus more on the actual problems you can solve.

Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious

"The Ethereum token economic model has collapsed, wake up and see this clearly."

Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?

Equity tokens represent the next challenge: can tokenization expand from payments to ownership of financial assets?

CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX

A large-scale capital migration driven by platforms such as Hyperliquid towards decentralized infrastructure from centralization.

Popular coins

Latest Crypto News

18:43

Tether CEO Paolo Ardoino: USDT users exceed 550 million, with a single sender accounting for less than 5%

Tether CEO Paolo Ardoino posted on the X platform that USDT is unique. The largest sender accounts for less than 5%, while single entity senders of other stablecoins account for nearly 25% of the total. USDT is a digital dollar designed for the masses, targeting those overlooked by the traditional f...

18:43

Data: If BTC falls below $64,661, the cumulative long liquidation intensity on major CEX will reach $910 million

According to Coinglass data, if BTC falls below $64,661, the cumulative long liquidation intensity on major CEXs will reach $910 million. Conversely, if BTC breaks above $70,951, the cumulative short liquidation intensity on major CEXs will reach $692 million.

18:43

Data: If ETH breaks through 2,070 USD, the cumulative short liquidation intensity on major CEXs will reach 617 million USD

According to Coinglass data, if ETH breaks through $2,070, the cumulative short liquidation intensity on major CEXs will reach $617 million. Conversely, if ETH falls below $1,877, the cumulative long liquidation intensity on major CEXs will reach $484 million.

17:43

Mysten Labs CEO: The bear market is not "great," packaging it as a positive ignores the real costs

The CEO of Mysten Labs, evan.sui, stated in a recent interview that he does not agree with the notion of "bear markets are great, keep building." In fact, bear markets are not "great" and are not worth celebrating or boasting about. The volatility does not merely "cleanse the market," but can scare ...

17:43

OpenClaw founder: Never used Weibo, the so-called official account is not controlled by me

Regarding the question "Are you aware that OpenClaw has opened an official Weibo account," OpenClaw founder Peter Steinberger responded on the X platform, stating that he has never used Weibo and that the so-called "official Weibo" is not under his control.