this post was submitted on 26 Oct 2025
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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.

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[–] PKscope@lemmy.world 29 points 4 days ago (1 children)

Makes me wish I didn't have scruples/morals/values sometimes. I could be a rich man with as gullible as these fucks are.

[–] otacon239@lemmy.world 6 points 4 days ago

I think there has to be some crossover. I have yet to witness someone who is smart enough to grift, recognize grifters and has also not found something better to do with their time.

I have to imagine there’s hundreds of thousands of grifts that go nowhere by unintelligent fucks and we only hear of the ones that were successful. Not saying there’s no one out there like that, but I think there’s just barely any crossover in those two crowds.

I wouldn’t be surprised at all if all the big-time grifters were constantly being grifted as well because those are the types of people they surround themselves with.