Michaela Alvez
Ivanka Trump, daughter of President Donald Trump, has publicly disassociated herself from the $IVANKA meme coin, a cryptocurrency project using her name without authorization.
In a statement shared on X, Trump emphasized that she has no affiliation with the $IVANKA meme coin and strongly criticized the unauthorized use of her name and image.
“To be clear: I have no involvement with this coin. 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,” she stated. Trump further denounced the meme coin, stating that its promotion is “deceptive, exploitative, and unacceptable.”
Trump revealed that her legal team is actively reviewing the situation and plans to take action to prevent the ongoing unauthorized use of her name.
In addition to $IVANKA, a wave of unofficial knockoff tokens has garnered substantial attention, creating confusion within the cryptocurrency community regarding their legitimacy. This followed the launch of the official $MELANIA and $TRUMP tokens, further complicating the landscape.
On January 17, President Donald Trump announced the launch of “Official Trump,” a meme-inspired cryptocurrency operating on the Solana blockchain. Shortly after, on January 19, Melania Trump unveiled her own token, “Melania Meme,” also built on the Solana network.
Despite the token’s confirmed legitimacy and growing popularity, former President Donald Trump seemed unfamiliar with its details.
“I don’t know much about it other than I launched it,” President Trump said during a meeting with tech executives. “I heard it was very successful. I haven’t checked,” he added.
The meme coin experienced a surge to a 24-hour peak of $48.18 but saw a swift decline of 16%, dropping to $40.29 shortly after President Trump’s remarks.
On X, Eric Trump, son of President Donald Trump, addressed rumors about a potential “USA Coin,” denying any plans for it to become the next meme coin project linked to the Trump family.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
