Ivanka Trump Denounces Fake Meme Coin

The meme coin mania sweeping the crypto world has now reached Ivanka Trump, daughter of President Donald Trump. A new token named IVANKA, claiming to have her official backing, has prompted her to issue a strong public statement condemning the project.

Ivanka’s Statement: “I Have No Involvement”

On social media, Ivanka Trump declared she has no connection to the IVANKA token, calling it a fake project designed to deceive and defraud investors.

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. This fake coin risks deceiving consumers and defrauding them of their hard-earned money,…
— Ivanka Trump (@IvankaTrump) January 23, 2025

“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.

Ivanka also revealed that her legal team is reviewing the situation and exploring measures to stop the unauthorized use of her name and image.

“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.

Legal Challenges in the Decentralized World

Despite her intent to take action, Ivanka Trump faces significant obstacles. The IVANKA token was launched on Solana, a decentralized blockchain, making it challenging to identify and hold accountable those behind the project.

This situation mirrors other unauthorized meme coin launches targeting the Trump family, including fake BARRON tokens that falsely claimed to be associated with Barron Trump.

Meme Coin Frenzy and Risks

The Trump family has been at the center of crypto attention since Donald Trump and Melania Trump launched their official meme coins, TRUMP and MELANIA. These coins have sparked a trading frenzy, with investors hoping to profit from early buys.

However, this has also led to a proliferation of scam tokens, as opportunists exploit the Trump name to pump and dump fake coins.

TRUMP Token:
- Market Cap: $6.7 billion
- Ranked 30th among cryptocurrency projects

While no other Trump-themed token has matched TRUMP’s success, the trend has heightened investor caution and drawn regulatory scrutiny.

Protecting Consumers

Ivanka Trump’s response underscores the risks associated with meme coins and the need for greater consumer education. As scammers continue to exploit high-profile names, potential investors are urged to verify projects thoroughly before participating.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Bullish Times is a marketing agency committed to providing corporate-grade press coverage and shall not be liable for any loss or damage arising from reliance on this information. Readers should perform their own research and due diligence before engaging in any financial activities.

Cairo Arévalo

A dedicated innovation focused professional with a strong background in business development. Enthusiastic NFT collector passionate about blockchain technology and its implementations, and committed to delivering engaging tech-related content. Involved in crypto since 2014.

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