Ivanka Trump has publicly denied any association with a meme coin named after her, urging investors to steer clear of the cryptocurrency. The President’s daughter emphasized the risks involved and warned against potential scams.

Ivanka Trump’s Statement on IVANKA Meme Coin

In a recent announcement, Ivanka Trump addressed the rumors linking her to the IVANKA meme coin. She took to X (formerly Twitter) to clarify her stance.

“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 stated.

Ivanka further cautioned that the coin poses a significant risk to unsuspecting consumers, potentially defrauding them of their hard-earned money. She condemned the unauthorized use of her name and likeness as a violation of her 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,” she added.

The Trump Family and Unauthorized Crypto Ventures

Ivanka Trump is not the first member of the Trump family to be linked to unauthorized cryptocurrency ventures. In July 2024, a meme coin featuring Barron Trump’s name and image was launched. Neither Barron Trump nor any other member of the Trump family has publicly acknowledged any association with the token.

TRUMP and MELANIA Meme Coins Lose Momentum

The launch of President’s Official Trump (TRUMP) and Melania (MELANIA) meme coins initially saw a surge in value, but both have since experienced significant declines. TRUMP has dropped 6.3% in the past 24 hours, trading at $34.5, representing a decline of more than 50% from its all-time high. Similarly, MELANIA has dropped 4.8% in the last day, with a current value of $2.76—down a staggering 79% from its peak price.

Despite being officially endorsed, the TRUMP meme coin has not been immune to scams. Scammers have capitalized on the hype surrounding TRUMP, resulting in $857 million in stolen funds within the past week alone.

Regulatory Scrutiny and Concerns

The rise of Trump-themed meme coins has also attracted regulatory scrutiny. Senator Elizabeth Warren and Representative Jake Auchincloss recently sent a letter raising serious concerns about the TRUMP and MELANIA coins, calling for stricter rules to oversee such assets.

This follows an earlier letter from US Representative Gerald Connolly, who pushed for an investigation into President Trump’s possible connections to cryptocurrency projects and any related conflicts of interest.