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Ivanka Trump denied that it was involved in a meme coin named her and warned the investor about the potential risks.
The president’s daughter also recommends that investors be careful with this currency and stay away from possible frauds.
Ivanka Trump reacts to Meme Coin Ivanka
In a recent statement, Ivanka Trump rejected rumors about her joining Meme Coin Ivanka. This business woman used X (formerly Twitter) to clarify everything.
“I was informed that a fake cryptocurrency called” Ivanka Trump “or” Ivanka “is being promoted without my consent or approval. Clear: I have nothing to do with this currency, ”she posted article.
She added that this currency brings risks to consumers who are not alert, likely to deceive them the money is hard to earn. She criticized the illegal use of her name and image as a violation of benefits.
“This promotion is deception, exploitation and unacceptable. My legal team is considering and will pursue measures to prevent the wrong use of my name, ”she added.
Notably, there are many counterfeit money Ivanka is being traded in the market.
Meanwhile, Ivanka Trump is not the first member of the Trump family involving non -allowed cryptocurrency projects. In July 2024, a meme Coin used the name and image of Barron Trump released.
No Barron Trump or any other member of the Trump family publicly admitted to that Token code.
Trump and Melania lost momentum
This happens after the launch of the official President Coin Meme (Trump) and Melania (Melania). These two coins skyrocketed in value after debut but then lost value.
Trump has dropped by 6.3% in the past 24 hours, trading at $ 34.5 at the time of writing. This is a decrease of more than 50% compared to the highest level of all time. Similarly, Melania has decreased by 4.8% in the past day, with the time of writing of the article of 2.76 USD – 79% compared to the peak price.
Despite being officially supported, Meme Coin Trump is not immune to fraud. As reported by Tintucbitcoin, the scammers took advantage of the exaggeration around Trump, leading to theft of 857 million USD in the past week.
The increase of memes coins associated with Trump also led to the supervision of the regulator. Senator Elizabeth Warren and representatives of Jake AuchinCloss recently sent a letter to show serious concerns about the Trump and Melania, requiring more stringent regulations to monitor these assets.
This followed a letter earlier from the US representative Gerald Connolly. In it, Connolly called for an investigation of President Trump’s possibility that cryptocurrency projects and any conflict of interest may be relevant.
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