Michaela
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.
Related: How to Create a Safe, Low-Cost Home Crypto Mining Setup That Works
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.
Related: Zama to Launch First-Ever Private Token Auction on Live Blockchain
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
Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
