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From Trump to Melania, we now have the Ivanka Trump coin. The crypto trade goes full-throttle on Trump mania, however at the very least one member of the family isn’t proud of the newest growth, significantly the discharge of the $IVANKA coin.
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In a submit on Twitter/X, Ivanka Trump blasted the information of the brand new crypto challenge, calling it a “faux crypto coin” at present being promoted with out her consent. The presidential daughter acknowledged that she’s not related with the challenge and is at present working along with her authorized workforce over the unauthorized use of her title in advertising and marketing the crypto.
This isn’t the primary time a Trump-themed coin grew to become obtainable out there. Simply days earlier than taking workplace, Trump marketed a meme coin, adopted by the launch of the $MELANIA coin.
Ivanka Publicly Denies Any Hyperlink With $IVANKA Crypto Challenge
On Thursday, the presidential daughter publicly denied any hyperlinks to a brand new crypto meme coin that’s marketed underneath her title. In a Twitter/X submit that has generated over 1.2 million impressions, Ivanka issued a robust warning and reminder to customers in opposition to this suspicious crypto challenge.
It has come to my consideration {that a} faux crypto coin referred to as “Ivanka Trump” or “$IVANKA” is being promoted with out my consent or approval.
To be clear: I’ve no involvement with this coin. This faux coin dangers deceiving customers and defrauding them of their hard-earned cash,…
— Ivanka Trump (@IvankaTrump) January 23, 2025
Ivanka shared that she had no reference to the challenge and criticized the builders for utilizing her likeness and title with out approval, calling it a violation of her rights. She added that her authorized workforce is taking this challenge significantly and plans to sue over misuse of identification.
The presidential daughter added that the crypto challenge is not only unacceptable but additionally misleading and exploitative. Ivanka and her husband, Jared Kushner, held vital positions within the first Trump administration. Nevertheless, the couple appears to take pleasure in their time on the sidelines.
Controversy Swirls Round The New Coin Releases
Trump-themed meme cash are a few of the most popularly traded tokens out there right now. Nevertheless, their launch and advertising and marketing had been controversial. On January seventeenth, US President Donald Trump launched the Official Trump token on the Solana blockchain. Then, after two days, the First Woman additionally introduced her coin, the “Melania Coin”, supported by the Solana blockchain.
President Trump used Reality Social to announce his crypto coin, encouraging the group to affix the celebration and the particular Trump Group. Days after its launch, the Trump token hit an all-time excessive of $75, pushing the challenge’s market cap to $15 billion.
Nevertheless, the keenness on Trump’s coin instantly fizzled, buying and selling on the $37 degree, reflecting a 50% drop. Additionally, the Melania meme coin suffered the identical destiny, plunging by 80%, and it’s now buying and selling at $2.8.
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Trump Continues Professional-Crypto Stance
Earlier than the November elections, Trump indicated his intention to help Bitcoin and crypto initiatives. He promised a good crypto surroundings and outlined particular plans, together with changing SEC Chair Gary Gensler and supporting a Bitcoin reserve.
On January twenty third, Trump issued his first crypto regulation, banning the creation and issuance of the Central Financial institution Digital Forex (CBDC).
Featured picture from Tobias Hase/Image Alliance/Getty Photos, chart from TradingView