according to court documents, Melania Trump, the wife of former President Trump, launched the Meme coin MELANIA in January. Executives of Meteora, the issuer of MELANIA, are accused of organizing the token issuance knowing that a sharp drop would occur. On January 19, the day before Trump took office as President of the United States, the Meme coin MELANIA was issued at a low price of a few cents per coin, then soared to $13.73, currently trading at less than one percent of its peak price. Investors accuse executives of Meteora, the initial platform for the Meme coin MELANIA, of planning a scheme to sell off and make huge profits while causing the price to plummet.