๐๐ง๐ฌ๐ข๐๐๐ซ ๐๐ซ๐๐๐ข๐ง๐ ๐๐ฅ๐ฅ๐๐ ๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ก๐๐ค๐ ๐๐๐๐๐ ๐๐๐ฆ๐ ๐๐จ๐ข๐ง ๐๐๐ฎ๐ง๐๐ก๐ฅ๐จ๐ธ
As the controversy surrounding the LIBRA memecoin continues, fresh allegations have surfaced, this time targeting the TRUMP meme coin.
Hayden Davis, the creator of LIBRA, has accused insiders of orchestrating a highly coordinated trading scheme tied to the launch of TRUMP, a cryptocurrency associated with former President Donald Trump.
According to Davis, a select group of individuals was granted exclusive early access, acquiring $500 million worth of TRUMP tokens during a private event in Washington, D.C., before the coin became available to the public.
In an interview with investigative YouTuber Stephen Findeisen, widely known as Coffeezilla, Davis shed light on what he described as a strategic insider allocation, rather than the usual bot-driven or retail investor-driven price surges.
He alleged that a small, privileged group was positioned to benefit significantly from the launch, ensuring substantial profits while leaving the general public at a disadvantage.
The TRUMP memecoin, which debuted on January 18, 2025, experienced a meteoric rise, followed by a sharp decline in value.
Coffeezilla had already raised concerns about the timing and distribution of the token, particularly since it was launched just hours before Trumpโs inauguration.
Early investors, potentially benefiting from privileged information, secured massive gains, while late entrants suffered heavy losses.
The situation has drawn parallels to previous political meme coins, including Melania Trumpโs MELANIA token and LIBRA, endorsed by Argentinaโs President Javier Milei.
Additionally, emerging blockchain data hints that the same team behind TRUMP may have played a role in MELANIAโs development, further fueling suspicions of market manipulation.
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