The accuser just wants to make money
Well, blame that on the flaws of the judiciary system. But regardless of the demand of the complainant, market manipulation is a crime and has serious penalty.
When a criminal case is brought, proving the case may be more difficult. There are different federal laws that a defendant could be prosecuted under for alleged market manipulation. For example, 7 U.S. Code Section 13 makes it a felony punishable by a fine up to $1,000,000 and up to 10 years imprisonment to “manipulate or attempt to manipulate the price of any commodity in interstate commerce.”
source:
https://nyccriminallawyer.com/fraud-charge/securities-fraud/market-manipulation/This is the reason anyone should make their own financial decision, it just simply ridiculous blaming anyone else for our own mistake in choosing the right investment instrument, no one forced us to invest in all these meme coins, and investing in meme coins is really bad idea in general.
But the case is, that not all investors' failure is due to a lack of deep research but most of it is due to price manipulation. Just like the case of Doge when Elon is actively hyping dogecoin and cashing out at the end.
Also, meme coin investing is like gambling, most of the ones that invested just gonna lost their money, the smaller fish getting eaten by the bigger fish, that's how memecoins mechanism in general.
It is ok to have losses in a trade as long as there are no people behind that manipulate the price movement.