Ivanka Trump has publicly criticized a meme coin project using her name, calling it “deceptive, exploitative, and unacceptable”.
The businesswoman clarified on X that she has no connection to the token, which launched earlier this week. She also mentioned that her legal team is taking action against its creators.
Ivanka wrote in a January 23 post on X, “It has come to my attention that a fake crypto coin called “Ivanka Trump” or “$IVANKA” is being promoted without my consent or approval”.
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She also noted, “This fake coin risks deceiving consumers and defrauding them of their hard-earned money, and the unauthorized use of my name and likeness is a violation of my rights”.
The release of this token comes after the rise and fall of two meme coins associated with the Trump family, the Official Trump Meme (TRUMP) and Official Melania Meme (MELANIA) tokens. These Solana
$248.92
-based coins gained massive attention, briefly reaching market caps in the billions, before seeing a decline.
The unauthorized token, IVANKA, has already attracted traders despite her warnings. It has reached a market cap of over $1.1 million, with $1.6 million in trading volume recorded in the past day.
Meanwhile, the late John McAfee’s X account recently announced an artificial intelligence (AI) crypto token. How did the crypto community react? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
