Melania Token Lawsuit: New York Suit Alleges Pump-and-Dump Fraud

Investors sued Benjamin Chow of Meteora and Hayden Davis of Kelsier Labs in New York federal court on October 21, ￰0￱ class action claims a pump-and-dump fraud with $MELANIA ￰1￱ Trump faces no ￰2￱ Across Tokens The filing outlines a six-step method applied to 15 tokens, including $MELANIA. Steps include pre-launch purchases, celebrity hype, and quick ￰3￱ lost millions. Trump's image added perceived ￰4￱ Value Drop $MELANIA debuted January 19, 2025, reaching $13.73 at ￰5￱ fell 99% to $0.10 by October 22, ￰6￱ point was $0.07554 on October ￰7￱ hype fueled the ￰8￱ Implications Burwick Law handles the ￰9￱ Max Burwick noted potential for clearer token ￰10￱ sector and regulators ￰11￱ statements from defendants.