Ivanka Trump Slams Token Misusing Her Name

Ivanka Trump, daughter of US President Donald Trump, has strongly condemned the unauthorised use of her name in connection with a cryptocurrency named “Ivanka Trump” or “$IVANKA.”

In a statement on X (formerly known as Twitter), she clarified that she has no affiliation with the token and denounced its promotion as deceptive and exploitative.

She warned that such unauthorised use could mislead consumers and emphasized that her legal team is actively exploring measures to prevent further misuse of her name.

Her response comes amidst growing scrutiny of Trump family-linked cryptocurrencies, which have drawn ethical concerns from watchdog groups.

$TRUMP and $MELANIA See Whale Dumping Activity

The launch of the unauthorised $IVANKA token comes in the wake of the rapid rise and subsequent decline of the Trump family’s official meme coins—Trump (TRUMP) and Melania Meme (MELANIA).

These Solana-based tokens recently surged to multi-billion-dollar market caps, causing significant congestion on crypto exchanges.

Despite a 431.68% increase over the past week, TRUMP has dropped 7.69% in the last 24 hours and is currently trading at $34.49, with a 24-hour trading volume of $6.01 billion and a market cap of $6.89 billion.

Meanwhile, MELANIA has experienced a sharp decline, down 62.88% in the past week and 15.31% in the last day, trading at $2.72 with a market cap of $465 million.

Crypto whales have been offloading their holdings, securing significant profits.

According to data from Spot On Chain, one whale sold $24.9 million worth of 605,000 TRUMP and 741,000 MELANIA, netting $12.4 million in profit.

Another whale liquidated its entire MELANIA position, turning an initial investment of 2,500 Solana (around $688,000) into $43.4 million, achieving an average selling price of $8.34 per token.

The frenzy surrounding these tokens has fuelled speculation that more Trump family-themed coins may emerge.

While no official announcements have been made, numerous impostor tokens have already surfaced to capitalise on investor interest.

Despite Ivanka Trump’s disavowal, $IVANKA has attracted traders, reaching a market cap of $550,000, according to DexScreener.

Priced at a fraction of a penny, the token falsely claims to be an "official" release.

Fake celebrity meme coins have become rampant in the crypto market, with scammers exploiting the names of public figures such as Iggy Azalea and Kylian Mbappe.

These tokens are often used in pump-and-dump schemes, promoted through hacked social media accounts to lure unsuspecting investors.