Ivanka Trump Distances Herself From Recently Launched Official Ivanka Token

The rise of the Trump family memes has become somewhat of a phenomenon recently and memecoin creators have been taking note.

But just how far would this trend go before running its course or has it already done so with the Ivanka Token.

Memecoin creators have been taking advantage of the trend by making another Trump Family-themed memecoin.

This time it was based on Ivanka Trump, the daughter of the current U.S President Donald Trump.

So far the Trump family memecoins have delivered quite impressive gains. For example, the Official Barron memecoin rallied by 2,800% from the day after Trump’s inauguration.

Prior to that, the Official TRUMP memecoin achieved a 183% rally after launching on exchanges. Even the Official Melania token was up by 0ver 280% on 20 January after listing on exchanges.

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These memecoins achieved even more impressive gains for early investors before listing on exchanges. Expectations for an Ivanka memecoin were thus high.

Ivanka Releases Statement Distancing Herself From the Ivanka Memecoin

Ivanka Trump recently released a statement revealing that she had nothing to do with the IVANKA memecoin.

She even described it as a fraudulent memecoin launched using her name without her consent.

The first daughter noted that her legal team I exploring legal recourse over the matter. Meanwhile, the IVANKA memecoin was already making its way onto centralized exchanges.

It launched on MEXC on 20 January and managed to rally by roughly 2400% to its highest point.

The Ivanka memecoin has since then experienced its first major crash with price dipping to its lowest point below exchange launch.

It exchanged hands at $0.00059 at press time which was lower than its 20 January opening price.

Based on the impressive performance, it is clear that the founders of the memecoin may have already reaped big gains.

However, most of the investors are likely at a loss after the memecoin unwound its previous gains.

Is The Recent Trump Memecoin Craze Over Or Is It a Start Of Something Big?

Memecoin creators have been doing their thing for quite some time. Trump memecoins existed even before the Official TRUMP memecoin was launched.

That launch raises more questions than answers. The success of The Trump family meme coins was largely based on extreme hype around them.

Launching a memecoin has become quite easy but the challenge is often getting it to gain enough attention.

There are a few questions that arise over the recent memecoins. For example, is it more legitimate if created or owned by the person or things it is based on?

Ivanka’s decision to seek legal action highlights the legal implications in memecoin launches.

Meanwhile, the Trump meme may have also paved the way for more memecoins from prominent figures and celebrities. It is thus important to establish the legitimacy before making a purchase.