Ivanka Trump said Thursday a meme coin bearing her name is “fake” and likely poses risks to investors, as other tokens named after and promoted by her father, President Donald Trump, and First Lady Melania Trump dropped in value days after they went viral.

Melania Trump announced Sunday that her new crypto meme was available to be purchased, just days after President-elect Trump announced the release of his own cryptocurrency.

Ivanka Trump said Thursday that her name has been misused to promote a fake cryptocurrency and her legal team will take action to stop the unauthorized use. “This fake coin risks deceiving consumers and defrauding them of their hard-earned money,

Ivanka Trump posted on X on Thursday that a meme coin with her name on it isn’t real, following the prior launch of $TRUMP and $MELANIA tokens.

Ivanka Trump is warning investors of a fake “$IVANKA” crypto scam, days after her dad and stepmom launched their own coins.

Ivanka Trump, US President Donald Trump’s daughter, on Thursday, issued an advisory regarding meme coin trading in the market. She warned and distanced herself from a fake crypto token named “$IVANKA.