A meme coin called MELANIA has garnered attention for its self-proclaimed "official" status and promotion by US First Lady Melania Trump. The coin launched in January of this year, coinciding with President Donald Trump's inauguration. In April, several crypto traders filed a class-action lawsuit, accusing several meme coin project teams, including M3M3, LIBRA, ENRON, and TRUST, of engaging in a "pump and dump" scam, manipulating token issuance for personal gain and causing investor losses. On Tuesday, the plaintiffs updated their lawsuit to include MELANIA as an alleged project. The lawsuit does not accuse Melania Trump of participating in the fraud, but rather alleges that she inadvertently endorsed the project and acted as a "front." The plaintiffs emphasized that if the First Lady's team learned of any illegal activity in the project, they would have immediately withdrawn any authorization. The White House and the defendants' lawyers have not yet responded to requests for comment. (Forbes)