Allegations of insider trading have surfaced concerning Trump's memecoin, which has seen a sudden market cap increase to $42 billion. This surge in value has been accompanied by suspicious trading activity, primarily on Solana decentralized exchanges (DEXs).
The memecoin's rapid ascent has raised eyebrows, with authorities and industry experts keenly observing the situation. As the investigation unfolds, questions arise about the potential for market manipulation and its implications for the crypto industry.
The case spotlight highlights the challenges surrounding meme coins and their influence on market dynamics.
Source: cointelegraph.com ↗