bitcoin
Bitcoin (BITCOIN)
$96,523 0.10%
ethereum
Ethereum (ETHEREUM)
$2,646 0.36%
binancecoin
BNB (BINANCECOIN)
$619.70 -2.08%
solana
Solana (SOLANA)
$200.57 1.52%
ripple
XRP (RIPPLE)
$2.42 -0.30%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 -0.99%
pepe
Pepe (PEPE)
$0.000009 -1.57%
bonk
Bonk (BONK)
$0.000017 -1.33%
bitcoin
Bitcoin (BITCOIN)
$96,523 0.10%
ethereum
Ethereum (ETHEREUM)
$2,646 0.36%
binancecoin
BNB (BINANCECOIN)
$619.70 -2.08%
solana
Solana (SOLANA)
$200.57 1.52%
ripple
XRP (RIPPLE)
$2.42 -0.30%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 -0.99%
pepe
Pepe (PEPE)
$0.000009 -1.57%
bonk
Bonk (BONK)
$0.000017 -1.33%
bitcoin
Bitcoin (BITCOIN)
$96,523 0.10%
ethereum
Ethereum (ETHEREUM)
$2,646 0.36%
binancecoin
BNB (BINANCECOIN)
$619.70 -2.08%
solana
Solana (SOLANA)
$200.57 1.52%
ripple
XRP (RIPPLE)
$2.42 -0.30%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 -0.99%
pepe
Pepe (PEPE)
$0.000009 -1.57%
bonk
Bonk (BONK)
$0.000017 -1.33%
Disclosure
Cryptocurrency trading is speculative and your capital is at risk when you trade. We may earn affiliate commissions from some of the products on this page - at no extra cost to you.
Billionaire Mark Cuban Considers Launching a Meme Coin to Tackle US Debt

Highlights:

  • Mark Cuban suggests a meme coin with a 20% float, with revenue for the U.S. Treasury.
  • Cuban highlights meme coins’ speculative nature while emphasizing transparency in the project.
  • Cuban warns that poor TRUMP coin performance could harm the credibility of the digital asset market.

In a post on X (formerly Twitter) today, billionaire investor Mark Cuban revealed his plan to launch a meme coin inspired by the $TRUMP token. He said the meme coin would follow the same terms and release schedule as the $TRUMP coin, with a 20% float. 

Advertisement

Banner

However, unlike other meme coins, the proceeds would be directed toward reducing the U.S. national debt. He said those who enjoy gambling on meme coins could help reduce U.S. debt. “If you want to gamble, gamble. But at least use it to make a dent in the US Debt,” he wrote. 

Cuban Praises Dogecoin and Shiba Inu

In response to concerns from X user artchick.eth about potential losses and distribution problems, Cuban recognized the speculative nature of meme coins. Artchick.eth also highlighted that successful meme coins often rely on community support and take time to grow. “We agree. It’s why Doge, Shiba Inu, and only a few others have worked. It’s about the community long term,” he said. Cuban also warned that buyers could face losses, emphasizing that it’s essentially a gamble, comparing it to a game of musical chairs.

Cuban mentioned that the wallet address would be made public for tracking purposes. “No promises. No pumps by me. Just complete transparency,” he stated. 

The U.S. national debt is nearly $36 trillion, according to the Treasury Department. Even if Cuban’s memecoin performed like Trump’s, its impact on the debt would be minimal.

On January 18, just days before the inauguration, Trump launched his official memecoin, Official Trump. The token briefly reached a market cap of $14.5 billion but has since dropped nearly 50%, now trading at approximately $7.62 billion, according to CoinGecko. Meanwhile, First Lady Melania Trump also entered the memecoin space with her Official Melania (MELANIA) token. It hit a market cap of $6 billion at launch but has since decreased to about $648 million, according to CoinGecko.

Cuban Warns TRUMP Coin Could Damage Digital Asset Market Credibility

In another post on X, Cuban pointed out that the poor performance of the TRUMP coin could hurt the credibility of the digital asset market. He expressed concerns about its future and how it might affect the progress of regulating digital assets. 

Cuban also highlighted the increasing pressure on U.S. lawmakers to establish clearer cryptocurrency rules and mentioned the FIT21 Act, which could help define the legal status of digital assets. Cuban argued that the TRUMP launch negatively impacted the industry by encouraging investors to buy tokens without fully understanding them. He also joked that Gary Gensler must be laughing.

Shiba Inu Lead Responds

In response, Shytoshi Kusama, lead developer of Shiba Inu, invited Cuban to collaborate with the Shiba Inu ecosystem. He highlighted that the project blends strong community backing with practical technology, such as the layer-2 solution, Shibarium.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Advertisement

Banner

Advertisement

Banner

Advertisement

Banner