Unauthorized IVANKA Token Sparks Fury from Ivanka Trump

The businesswoman clarified on X that she has no connection to the token, which launched earlier this week. She also mentioned that her legal team is taking action against its creators.

Ivanka wrote in a January 23 post on X, "It has come to my attention that a fake crypto coin called “Ivanka Trump” or “$IVANKA” is being promoted without my consent or approval".

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She also noted, "This fake coin risks deceiving consumers and defrauding them of their hard-earned money, and the unauthorized use of my name and likeness is a violation of my rights".

The release of this token comes after the rise and fall of two meme coins associated with the Trump family, the Official Trump Meme (TRUMP) and Official Melania Meme (MELANIA) tokens. These Solana SOL $141.00 -based coins gained massive attention, briefly reaching market caps in the billions, before seeing a decline.

The unauthorized token, IVANKA, has already attracted traders despite her warnings. It has reached a market cap of over $1.1 million, with $1.6 million in trading volume recorded in the past day.

Meanwhile, the late John McAfee's X account recently announced an artificial intelligence (AI) crypto token. How did the crypto community react? Read the full story.