Ivanka Trump denounced an unauthorized image gold initiative on Thursday with alleged relationships to her brand and model, insisting that it ’s never the real deal.
President Donald Trump’s daughter said in an X ( formerly Twitter ) post that she had “no involvement ” with the token that debuted this week. The businesswoman’s legal team is “pursuing measures ” against the altcoin’s designers, she said.
“This false coin risks deceiving users and defrauding them of their hard-earned wealth, and the unauthorized use of my name and likeness is a violation of my freedom, ” she wrote.
The impostor token’s launch follows the meteoric rise and substantial fall of the Trump family’s Official Trump ( TRUMP ) and Melania Meme ( MELANIA ) meme coins on Sunday. The Solana-based currencies soared to multi-billion-dollar business cap amid a buying frenzy that led to gridlock at crypto markets in recent days.
TRUMP is down more than 6 % over the last 24 hours to a current price of nearly$ 36, down by more than 50 % from its all-time high price set last weekend soon after the high-profile launch.
Their violent rollouts fueled speculation that cryptocurrencies named after different members of the First Family would shortly even hit the market. More image cash from the Trump relatives have not yet been announced, however, though lot of pretenders have popped up in an obvious attempt to deceive potential investors.
However, some investors have proven eager to get their hands on IVANKA, which has a market cap of over$ 1. 1 million with$ 1. 6 million in trading level over the past evening, per statistics from DexScreener. The key, priced at a portion of a cent, is billed as an “official” sign despite Trump’s emphasis then.
The IVANKA gift has surged by about 40 % over the last minute alone as Trump’s X blog brought it into a brighter light.
The bitcoin market is replete with false celebrity meme coin projects. Within the previous year, cybercriminals have launched currencies with false ties to prominent figures such as singer Iggy Azalea and midfielder Kylian Mbappe. Such currencies are commonly used for “pump-and-dump” techniques via social media posts sent from seized star accounts.
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