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Ivanka Trump denounces IVANKA memecoin, warns of legal action

Ivanka Trump denounces IVANKA memecoin, warns of legal action

Crypto.NewsCrypto.News2025/01/22 16:00
By:By Micah ZimmermanEdited by Jayson Derrick

Ivanka Trump, the daughter of President Donald Trump, has issued a statement distancing herself from a cryptocurrency project called the $IVANKA memecoin

Writing on X, Trump clarified that she has no connection to the token and condemned its use of her name and likeness.

“To be clear: I have no involvement with this coin. This fake coin risks deceiving consumers and defrauding them of their hard-earned money” Trump stated. She further labeled the promotion as “deceptive, exploitative, and unacceptable.”

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

The announcement follows the recent emergence of $IVANKA, a memecoin allegedly using Trump’s name to attract buyers.

Trump revealed that her legal team is now reviewing the matter and will pursue action to halt the misuse of her identity. 

Other Trump memecoins

On January 17, President Donald Trump revealed the launch of Official Trump, a meme coin operating on the Solana ( SOL ) blockchain. Just two days later, on January 19, Melania Trump announced her own token, Melana Meme, which is also based on Solana. 

Trump announced the TRUMP token through his social media platform, Truth Social, urging followers to partake: “It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community.” 

Within days of its launch, the token skyrocketed to an all-time high of $75, achieving an impressive market cap of nearly $15 billion. 

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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