Ivanka Trump has addressed rumors of association with a meme coin bearing her name, firmly denying any involvement.
The President’s daughter has also issued a warning to investors, urging them to avoid the coin and remain cautious of potential scams.
Ivanka Trump Addresses IVANKA Meme Coin
In a recent statement, Ivanka Trump refuted rumors of her involvement with the IVANKA meme coin. The businesswoman took to X (formerly Twitter) to clear the air.
“It has come to my attention that a fake crypto coin called “Ivanka Trump” or “$IVANKA” is being promoted without my consent or approval. To be clear: I have no involvement with this coin,” the post read.
She further warned that the coin poses a risk to unsuspecting consumers, potentially defrauding them of their hard-earned money. She criticized the unauthorized use of her name and likeness as a violation of her rights.
“This promotion is deceptive, exploitative, and unacceptable. My legal team is reviewing and will be pursuing measures to stop the continued misuse of my name,” she added.
Notably, multiple fake IVANKA coins are available for trading in the market right now.
Meanwhile, Ivanka Trump is not the first member of the Trump family to be linked to unauthorized cryptocurrency ventures. In July 2024, a meme coin featuring Barron Trump’s name and image was launched.
Neither Barron Trump nor any other member of the Trump family has publicly acknowledged any association with the token.
TRUMP and MELANIA Lose Momentum
This follows the launch of President’s Official Trump (TRUMP) and Melania (MELANIA) meme coins. Both coins skyrocketed in value post-launch before shedding their gains.
TRUMP has dropped 6.3% in the past 24 hours, trading at $34.5 at the time of writing. This represents a decline of more than 50% from its all-time high. Similarly, MELANIA has dropped 4.8% in the last day, with a press time value of $2.76—down a staggering 79% from its peak price.
Despite being officially endorsed, the TRUMP meme coin has not been immune to scams. As previously reported by BeInCrypto, scammers capitalized on the hype surrounding TRUMP, resulting in $857 million in stolen funds within the past week alone.
The rise of Trump-themed meme coins has also led to regulatory scrutiny. Senator Elizabeth Warren and Representative Jake Auchincloss recently sent a letter raising serious concerns about the TRUMP and MELANIA coins, calling for stricter rules to oversee such assets.
This follows an earlier letter from US Representative Gerald Connolly. In it, Connolly pushed for an investigation into President Trump’s possible connections to cryptocurrency projects and any related conflicts of interest.
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