#memecoin

#memecoin

A shower of dollar bills, the image of Donald Trump, and a voice in the background similar to the president's asking: Do you want to be a billionaire? That's the start to the one-minute trailer introducing the Trump Billionaires Club, a 3D game set in New York that allows users to deposit and spend $TRUMP, the presidential memecoin, to acquire properties and build business empires.

In April, crypto investors brought a federal class action lawsuit against Benjamin Chow, cofounder of crypto exchange Meteora, and Hayden Davis, cofounder of crypto venture capital firm Kelsier Labs, among other defendants, accusing them of a multimillion-dollar fraud involving a single memecoin, $M3M3. Later, the plaintiffs filed an amended complaint, expanding the allegations to include racketeering activity. They claimed the pair had colluded to rig the market for $LIBRA, a coin promoted by Javier Milei, president of Argentina, which collapsed in value shortly after launch.