are legal disputes coming for his memecoin?
The post are legal disputes coming for his memecoin? appeared on BitcoinEthereumNews.com.
According to the crypto lawyer Preston Byrne, lawsuits will come against Donald Trump due to the launch of his memecoin. Let it be clear, as of today it appears that no one has yet filed a complaint against the current president of the USA regarding the launch of his memecoin, but according to Byrne, this hypothesis should be considered inevitable. The accusations against Trump’s memecoin The accusations directed at Trump’s memecoin are two. The first, very simply, is that it is a pump&dump scheme. It should be noted, however, how this kind of accusations are very frequent when a crypto experiences a bull at its debut, only to then, in a short period of time, end up falling well below the maximum price peak. The memecoin TRUMP was launched on the crypto markets last Friday when it was already evening in the USA. The initial market price was about $7, but already the next day it had risen above $70, with a +900% in just over 24 hours. The peak was reached at $75, but the decline began as early as Sunday. When the launch of Trump’s wife’s memecoin, MELANIA, was announced, the price of TRUMP fell below $40, and the next day it also fell below $35. Although compared to the initial $7, the current price is still significantly in profit, according to crypto researcher NingNing, almost two-thirds of the addresses that have purchased the TRUMP token have lost money. 6⃣额外赠送一张$TRUMP PNL的分布图，大家在其中找找自己的位置，都沉淀沉淀🤣 $TRUMP的PNL分布完美符合正态分布规律，具体分布如下：赚了$10M+ ：28个地址；赚了$1M～$10M：424个地址；赚了$10k～$1M：16791个地址；赚了$1k～$10k：50636个地址；赚了0～$1k：259429个地址；… pic.twitter.com/egn4mUzAdE — NingNing (@0xNing0x) January 21, 2025 The possible pump&dump of the memecoin TRUMP The fact is that certainly whoever launched this memecoin on the crypto markets has profited, at least for now. Furthermore, it was Donald Trump himself who advertised it. The hypothesis that the objective behind this initiative was to profit by “pumping”…
Filed under: News - @ January 23, 2025 2:28 pm