First lady not named in suit in which investors allege Meteora executives created coin they knew would plummet
The designers of a cryptocurrency launched by the US first lady, Melania Trump, in January were accused in court filings on Tuesday of orchestrating a pump-and-dump scheme.
The $MELANIA coins were released for just a few cents each on 19 January, the day before Donald Trump was inaugurated as US president. In addition to $MELANIA, Donald Trump launched $TRUMP a few hours before his inauguration.
Within hours, the $MELANIA coin’s price soared to $13.73.
Warren Buffett Says He Wouldn’t Pay $25 For All The Bitcoin In The World – He Considers Crypto ‘Rat Poison’ And Warns: ‘I Can Say With Almost Certainty That They Will Come To A Bad Ending’
Warren Buffett said Bitcoin, the most valuable cryptocurrency in the world, was “probably rat poison squared.”