Ivanka Trump, President Trump’s daughter, has alerted the public about a fake meme coin being launched without her permission. Through social media channels, Trump stated that she had no links to this token and that she was evaluating taking measures to stop the misuse of her name.
Meme Coin Alert: Ivanka Trump Warns About Fake IVANKA Token
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Meme Coin IVANKA Launched: Trump Warns She Has No Links to the Token
The meme coin mania has touched yet another member of President Trump’s family: Ivanka Trump. The recent launch of IVANKA, a meme token that claims to have the official support of Trump’s daughter, moved her to clarify her paper on this scheme.
Ivanka denied having any links to this token on social media, calling it fake and revealing that it was being promoted without her consent or approval. Denying her participation in IVANKA’s launch, she declared:
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.
“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,” Trump noted.
However, the measures she could take to prevent this might be limited, as the launch of these currencies occurs on top of Solana, a decentralized blockchain.
Ivanka Trump’s statements come after the President and his First Lady shook the crypto world by launching their official meme coins. This has put the trading community on alert, as the public aims to snipe one of these meme coins early to reap the rewards.
Meme coins scammers have also taken advantage of Barron Trump, another son of President Trump, to pump their unofficial tokens. Several fake official BARRON tokens have been launched, reaching market caps of millions of dollars.
Nonetheless, none have been able to grow as much as TRUMP, which currently has a market capitalization of $6.7 billion, holding the 30th spot among the largest projects in the cryptocurrency industry.
Read more: Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage
