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Benjamin Chow, a well-known crypto developer and co-founder of the Meteora decentralized exchange on Solana, has been fingered as the driving force behind a plan to cheat investors through 15 different token schemes. A revised version of a class-action lawsuit that was first filed in a New York federal court on April 21, 2025, says that Chow, Meteora, and Kelsier Ventures, a firm run by Hayden Davis and some of his family members, used the names of famous people like U.S. First Lady Melania Trump and Argentine President Javier Milei to give credibility to coordinated scams meant to milk money from unwitting crypto investors. Mechanics of the Alleged Scheme The initial complaint accused Chow, Meteora, and members of the Davis family of lying to crypto investors. It said they made money at the expense of the public by manipulating the price of a Solana-based token called M3M3, which had as much as 95% of its supply controlled by a group of insiders. The amended document now claims that fraud may have happened with as many as 15 cryptocurrencies, including the controversial MELANIA and LIBRA meme coins, which were promoted by Mrs. Trump and President Milei, respectively. This information is said to have come from private messages shared by a whistleblower, in which Davis allegedly admitted to carrying out “at least fifteen token launches at Chow’s direction.” Those suing say that Chow and the other defendants “borrowed credibility” from public figures and used them as “window dressing” to make their plans seem more legitimate. For this reason, they are not holding Melania or Milei responsible; instead, they are focusing on Meteora, its co-founder, and the Kelsier management. The new filing claims that the alleged plot was carried out in a highly organized way, with each participant having a clear role. Chow was supposedly in charge of the technical side because of his “unique knowledge of the code and the ability to manipulate liquidity, fee routing, and supply controls.” As such, the complainants say it was possible for him to control the supply and prices of the new tokens, creating situations where their values could be artificially pushed up and then collapsed without the knowledge of ordinary traders. For the marketing side, the lawsuit points to Kelsier Ventures, where Hayden, Charles, and Gideon Davis used paid influencers and social media campaigns to make it look like there was real public demand for meme coins like MELANIA and LIBRA. The group reportedly used the same formula for all 15 tokens: they created artificial scarcity, flooded the internet with paid promotions, and then, when prices went up, the insiders sold all their holdings at once, which made the asset’s value drop and left other investors with huge losses. A Pattern of Denial and Mounting Evidence According to the lawsuit, after the LIBRA token crashed in February 2025, Meteora pretended to blacklist Kelsier, a move the plaintiffs called “performative.” Chow and members of the Meteora leadership are said to have made sworn declarations describing themselves as “passive developers of autonomous software,” suggesting they had nothing to do with the price behaviors of the crypto assets in question. The programmer quit Meteora in February, still insisting on his innocence, but data from blockchain analysis companies like Bubblemaps tell a different story. Their report from February 17, 2025, followed wallet addresses that clearly showed financial ties between those who made MELANIA and LIBRA, while revealing that insiders made more than $100 million in profits. The post Meteora Co-Founder Hit with New Lawsuit Over Token Scams Linked to Trump, Milei appeared first on CryptoPotato .
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Shiba Inu Team Reaches Out to SHIB Community as Prices Stagnate
The Shiba Inu team has penned a message for the SHIB community as the broader crypto market enters a state of calm after October`s historic sell-off. Crypto Potato
Analyst: XRP Is Gearing Up for Liftoff to $7. Here’s why
A recent analysis by XRP_Cro (@stedas) has renewed interest in XRP’s long-term price outlook. The analyst shared a chart highlighting what appears to be a decisive breakout from a long-term consolidation pattern. The chart illustrates a clear bullish setup formed over several years of compression, with the potential to send XRP to double-digit prices. The weekly timeframe shows the digital asset breaking through a descending resistance trendline that has constrained price action since its previous major cycle high. The structure resembles a descending triangle , bounded by converging support and resistance lines marked in yellow. #XRP is gearing up for liftoff. Targets on the radar: $7, $12… maybe even $25 pic.twitter.com/EPrmNrn4KD — XRP_Cro AI / Gaming / DePIN (@stedas) October 24, 2025 Technical Patterns and Fibonacci Projections The chart presents a sequence of Fibonacci retracement and extension levels plotted against the major swing high and low. The key Fibonacci levels are 1.272, 1.414, and 1.618, positioned around $8.31, $13.45, and $26.80, respectively. These align closely with the specific targets labeled on the chart at $7.92, $13.10, and $24.93. The clustering of these targets within the higher Fibonacci extension zones reinforces the interpretation of a potential continuation pattern. XRP_Cro’s chart also highlights how the price consolidated above former resistance before moving upward, a sign often regarded as a confirmation of renewed momentum. The most recent candles also show compression within other descending triangles. The digital asset began a new descending triangle at the start of 2025, and broke above it in July when it rose to a new all-time high . The digital asset is now trading within another descending triangle, and a breakout could send it toward the first target of $7.92. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 What’s Next for XRP? While the chart-based projections indicate ambitious upside levels, they remain grounded in standard technical tools. Fibonacci extensions, when applied to breakout structures, often serve as reference points for price discovery once prior resistance zones have been cleared. In this case, the alignment between multiple Fibonacci levels and XRP_Cro’s manually labeled targets strengthens the technical argument behind the analysis. The analyst did not provide a timeline for these targets but emphasized that XRP appears “gearing up for liftoff,” implying confidence in the formation’s bullish potential . As with all technical projections, future performance will depend on sustained momentum and broader market conditions. However, the structure presented in the analysis demonstrates that XRP’s price chart has entered a technically significant phase, one that traders will likely monitor closely as it unfolds. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst: XRP Is Gearing Up for Liftoff to $7. Here’s why appeared first on Times Tabloid . Crypto Potato
