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Ivanka Trumpdaughter of President Donald Trumpwarns traders to not purchase a fraudulent crypto coin bearing its identify.
“I’ve seen {that a} faux crypto coin known as ‘Ivanka Trump’ or ‘$IVANKA’ is being promoted with out my consent or approval,” she wrote in post to X on Thursday. “To be clear: I’ve no stake on this coin. This faux coin dangers deceiving shoppers and dishonest them out of their hard-earned cash.”
Ivanka Trump and her husband, Jared Kushner, performed outstanding management roles in Trump’s first White Home, however weren’t central to the brand new administration.
Her warnings come after meme tokens dubbed $TRUMP and $MELANIA had been launched over the weekend for the president and first girl.
The $TRUMP coin that nearly instantly reinforced the president’s internet price, measured in billions of {dollars} on paper, now trades at about $37, down 50% from its peak shortly after the launch. Likewise, the $MELANIA token has tumbled 80% from its weekend excessive, at present buying and selling at $2.84.
The website for $TRUMP says 80% of the cash are held by the Trump Group and associates. Meme cash have gotten more and more in style amongst crypto merchants, however are significantly risky as there isn’t any underlying asset of any worth.
