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.

Donald Trump launched $TRUMP cryptocurrency, a meme coin, days before his inauguration. It quickly reached over $32 billion in value. Melania has now launched her own.

Melania Trump is following in the footsteps of her husband, President-elect Donald Trump, in launching her own meme coin . "The Official Melania Meme is live!" the incoming first lady posted on social media.

The biggest concern investors and industry leaders have with the president’s meme coin ventures is his large stake in the $TRUMP and $MELANIA coins.

Ahead of President Donald Trump ’s inauguration on Jan. 20, 2025, the incoming first couple has launched $TRUMP and $MELANIA meme coins, sparking memes about the pair’s crypto-friendly attitude and the volatile nature of the cryptocurrency.

Democratic lawmakers are asking federal regulators to look into legal and ethical questions around the meme cryptocurrency coins launched by Donald Trump.

The crypto market is very unpredictable. However, meme coins are even more unpredictable than other types of tokens. A meme coin can be up one day and then crash before the end of the next, and this is exactly what is happening with TRUMP and MELANIA meme coins.

The TRUMP meme coin frenzy caused Solana dApps to suffer during an increased period of trading volume and congestion.

$TRUMP and $MELANIA, as with other meme coins, are volatile. At the time of writing, $TRUMP traded around $US27, a fall of over 60 percent from its $US73 high, but still well above its initial sale price. $MELANIA has fared less well and is trading at $2.30, less than one third of its initial sale price.

Donald Trump’s meme coin, TRUMP, which launched on Jan. 17, can now be used to purchase merchandise like sneakers, watches, and fragrances from websites linked to his business ventures.

As they nibbled miniature lobster rolls and sipped mezcal cocktails, the well-heeled guests toasted the coming reign of Donald Trump.