Upper line
Ivanka Trump said Thursday that a piece bears his name was “false” and probably posed risks for investors, because other tokens appointed and promoted by his father, President Donald Trump, and First Lady Melania Trump have lost in value a few days after they have become viral.
The president’s daughter said she had “no involvement” in the token.
Key facts
Ivanka Trump, in a job On X, said that the “false cryptographic piece” $ Ivanka is “promoted without my consent or my approval”, noting that its legal team “examines” the measures aimed at putting an end to “continuous abusive use of my name” .
$ Ivanka seems to have been launched on the Ethereum blockchain in May 2024 and has not yet approached $ 0.01, because the play developer self-declared a market capitalization of $ 345,460 with a circulation of more than 420, 6 billion parts. according to in CoinmarketCap.
The “false piece” presents the risk of “deceiving consumers and defrauding them with their harshly won money”, warned Ivanka Trump, adding that it has “no involvement” in the token, whose use of its Name and its image is a “violation of my right”. rights.”
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Surprisingly
Other apparently unauthorized tokens bearing the names of the Trump family members have circulated. A play even with the name and image of Barron Trump also seems to have been launched on the Solana blockchain in July 2024. The room has a self -declared draw of 42 quadrillions and a market capitalization of just over $ 133,000, well that neither Barron Trump nor any other member. Of the Trump family has recognized any connection with the token.
To what extent did $ Trump work?
The “official Trump” token, or $ Trump, quickly reached a market capitalization of $ 15 billion on Sunday, two days after its launch, before losing value. The same part fell by more than 9 % in the last 24 hours of negotiation to reach $ 35.73 Thursday afternoon, with a market capitalization of $ 7.1 billion.
To what extent did $ Melania perform?
Melania Trump’s official token, $ Melania’s official, dropped 27.5 % on Thursday to be just below $ 2.70, with a market capitalization of $ 474.4 million. The token dropped by around 47 % since it reached a summit of $ 5.09 on Monday after its beginnings on Sunday.
Key
Donald Trump announced the launch of his part, $ Trump, just a few days before his inauguration. The token, hosted on Solana’s blockchain, was limited to an offer of 200 million pieces at launch before being extended to 1 billion over the next three years, according to the token. website. The Trump Organization-of which Ivanka Trump has been vice-president-and its subsidiaries have the remaining tokens and will receive an undisclosed amount of income from the commercial activity. He was criticized for the release of his token by certain members of the cryptography industry. Nic Carter, founding partner of the Castle Island Ventures cryptography company, said Policy The developer of the play “was probably new idiocy depths with the launch of the part”. An anonymous lobbyist told the media that the launch of the play was a “horrible look” for the industry, which, according to them, tried to “argue that we are not a band of hawkers, crooks and crooks and of fraudsters ”. Ryan Selkis, founder of the Messari cryptography society, called for Donald Trump “will dismiss anyone recommended to go ahead” with the launch of $ Melania.
Why does Trump love crypto?
Donald Trump’s token is his latest initiative in favor of the cryptography industry, after saying that he wanted the United States to become the “cryptographic capital of the planet”. He has said He would use executive powers to reduce the regulatory charges facing cryptography companies and declares cryptocurrency as a political priority, thus allowing the federal government to establish a bitcoin reserve. He presented himself as a director general more favorable to cryptocurrencies than President Joe Biden, whose Securities and Exchange Commission brought in prosecution against several major cryptography companies, alleging violations of securities law.