Ivanka Trump, the daughter of President Donald Trump, has issued a statement distancing herself from a cryptocurrency project called the $IVANKA memecoin. 

Writing on X, Trump clarified that she has no connection to the token and condemned its use of her name and likeness.

“To be clear: I have no involvement with this coin. This fake coin risks deceiving consumers and defrauding them of their hard-earned money” Trump stated. She further labeled the promotion as “deceptive, exploitative, and unacceptable.”

The announcement follows the recent emergence of $IVANKA, a memecoin allegedly using Trump’s name to attract buyers.

Trump revealed that her legal team is now reviewing the matter and will pursue action to halt the misuse of her identity. 

Other Trump memecoins

On January 17, President Donald Trump revealed the launch of Official Trump, a meme coin operating on the Solana (SOL) blockchain. Just two days later, on January 19, Melania Trump announced her own token, Melana Meme, which is also based on Solana. 

Trump announced the TRUMP token through his social media platform, Truth Social, urging followers to partake: “It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community.” 

Within days of its launch, the token skyrocketed to an all-time high of $75, achieving an impressive market cap of nearly $15 billion.