Melania Trump’s Meme Coin Collapse Exposes the Dangers of Celebrity Endorsement in Crypto

A recent meme coin launch featuring former First Lady Melania Trump, $MELANIA, has sparked outrage and legal action due to a rapid price collapse. Investigations reveal that the project relied on pre-mining tokens, coordinated dumps by insiders, and celebrity endorsements as a way to attract retail investors. This incident raises questions about the ethics of celebrity involvement in crypto, particularly concerning marketing transparency and consumer protection.