Ivanka Trump warns investors that meme token bearing her name is fake
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President Donald Trump’s daughter Ivanka Trump is warning investors against buying a fake cryptocurrency in her name.
“It has come to my attention that a fake coin called ‘Ivanka Trump’ or ‘$IVANKA’ is being created without my consent and approval,” she wrote. Post on social network X on Thursday. “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 and her husband, Jared Kushner, played prominent leadership roles in the first Trump White House, but were not central to the new administration.
Her warnings come after meme tokens launched over the weekend called $TRUMP and $MELANIA for the president and first lady, respectively.
The $TRUMP coin, which instantly boosted the president’s fortune to billions of dollars on paper, is now trading at around $37, a 50% drop from its market high not long ago. Similarly, the $MELANIA token is down 80% from its weekend high, currently trading at $2.84.
of website He said 80% of the coins for $TRUMP are owned by the Trump Organization and associates. Meme coins are becoming increasingly popular among crypto traders, but they are particularly volatile because there is no real asset of any value.