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MELANIA Token big dump of 90% raises questions about manipulation, Sun Yuchen involved in funding controversy.
[Coin World] A recent political report has put a Token project issued during a power transition period in the spotlight. This Token, named MELANIA, once surged to a high of $13.73, but within a few days plummeted to $0.10, raising suspicions of being a typical “pump and Be Played for Suckers” operation.
What's even more explosive is that the report has uncovered some funding flows—there are claims that entities related to Sun Yuchen have invested several million dollars into certain enterprises with close political and business connections. Some even linked the flow of funds from certain crypto-related presidential pardons and tokens, making people exclaim how deep the water is.
At the same time, another project in the market, Maxi Doge, is seeing a hot presale, having attracted over 4.2 million USD, featuring an annualized yield rate of over 100% for staking. It seems that no matter how big the external storms are, those who want to rush in are still rushing.