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Ivanka Trump Warns: “I Have Nothing to Do With IVANKA Meme Coin”

  • Ivanka Trump firmly denies any connection to the IVANKA meme coin and warns it could be a scam.
  • She criticized the unauthorized use of her name and said her legal team is looking into it.
  • Other Trump-themed cryptocurrencies, like TRUMP and MELANIA, are also facing scrutiny over volatility and fraud risks.

Ivanka Trump has made it clear that she has zero connection to the recently launched IVANKA meme coin and is warning people to steer clear of it. The businesswoman and daughter of the former president called the crypto project deceptive and said it’s trying to exploit her name without her permission.

Ivanka Speaks Out Against the Meme Coin

In a post on X (formerly Twitter), Ivanka set the record straight:

https://x.com/IvankaTrump/status/1882480808096575903 

“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,” she wrote.

Ivanka also called out the coin’s promoters for using her name and likeness in what she described as an “unacceptable and exploitative” way. She said her legal team is already looking into the issue and will take action against those misusing her identity.

Meme Coins and Scams: A Growing Problem

The IVANKA coin isn’t the first crypto project trying to cash in on the Trump family name. Last year, a Barron Trump meme coin made headlines, although it didn’t receive any acknowledgment from the family.

Even officially endorsed tokens like TRUMP and MELANIA have faced issues. While these coins saw a lot of hype early on, their prices have since dropped significantly:

  • TRUMP coin is down over 50% from its peak and now trades at $34.50.
  • MELANIA coin has taken an even bigger hit, dropping 79% to $2.76.

https://x.com/langeriuseth/status/1882353354531287233 

Adding to the trouble, scammers have taken advantage of the buzz surrounding these coins. Reports say fraudsters have stolen $857 million by exploiting hype around the TRUMP coin in the last week alone.

Regulators Are Paying Attention

The rise of Trump-themed meme coins has caught the attention of U.S. lawmakers. Senator Elizabeth Warren and Representative Jake Auchincloss have raised concerns about how these speculative assets are marketed and have called for tighter rules to protect investors.

Meanwhile, Representative Gerald Connolly has asked for an investigation into Donald Trump’s potential links to cryptocurrency projects, questioning whether there are any conflicts of interest.

What This Means for Investors

Ivanka’s statement is a clear warning for investors: Be careful when it comes to meme coins or crypto projects using famous names. These coins can be incredibly risky, with many turning out to be scams or highly volatile investments.

If you’re thinking about investing in crypto, make sure to research thoroughly and avoid projects that seem too good to be true. A famous name doesn’t guarantee legitimacy.

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