[Former First Lady Trump Involved in Fraud Lawsuit Over Promoting Meme Coin MELANIA] October 23 news: Meme coin MELANIA has been named in a lawsuit for allegedly participating in a 'pump-and-dump' fraud scheme. The coin claims to be the official promotional project of the U.S. First Lady Melania Trump and was launched in January this year. The plaintiff accuses the developer alliance of manipulating the coin's price for profit, causing losses to investors. The lawsuit states that Melania inadvertently endorsed the project and did not directly participate in the fraud. The White House and the defendants' lawyers have yet to respond.