A lawsuit alleges multiple Solana-based tokens engaged in manipulation schemes, citing Melania Trump’s name as a non-involved public figure amid significant MELANIA market cap decline.
A lawsuit update claims $MELANIA, $M3M3, $LIBRA, $ENRON, and $TRUST engaged in a fraud scheme on Solana, manipulating token issuance and prices. Melania Trump is alleged to have served as a public face without involvement in the scheme. The MELANIA token’s market cap has fallen to $850.6 million from $2 billion in January. No official comments have been issued regarding the allegations.