Billionaire investor Mark Cuban said via social media that he wanted to create his own coin, but would return the profits to the US Treasury.
Cuban has been making fun of the rug pulling trend on social media, and he may have made the offer in jest. However, this shows that the meme coin craze is spreading across industries.
Mark Cuban Reviews Meme Conis
Billionaire entrepreneur and television personality Mark Cuban is exploring the possibility of expanding the coin space. Trump’s inauguration heralded a new era for crypto, with $2.2 billion in inflows, and optimism is high.
Since TRUMP and MELANIA tokens took the market by storm, Cuban has suggested via social media that he might join the space as well.
“If meme coins are the way to go, maybe I’ll issue one. With a touch of originality. Same terms as TRUMP. 20% float. Same release schedule. A difference. All proceeds from the sale of the coins go to the U.S. Treasury. The wallet address will be published so that everyone can follow it. If you want to play, play. But at least use it to reduce the US debt. You are here ? he said.
On the surface, this statement holds water; For one thing, the U.S. Treasury accepts personal donations like this, of any size. Additionally, although Cuban has previously criticized the industry, he remains in favor of favorable regulations.
If some sort of Mark Cuban coin comes to pass, it could play out exactly as he described.
However, Cuba’s message appears to stem from his growing frustration with the way President Trump and his family flipped their coins just days before the inauguration. These tokens became billion-dollar assets overnight, surpassing projects established for years.
“The best answer to this is for everyone to create their own TRUMP and MELANIA pieces. Apparently, nothing can stop you. Do it on Solana, Base, Ethereum, Fillintheblankchain. Get paid! This is the new crypto that Coinbase and others want,” Cuban said earlier today.
Meme Coins Become Extremely Dangerous
There is currently a growing fear of rug pulls in the coin space, and some commentators fear that Cuba could join it.
Last weekend, figures close to Trump carried out rug pulls left and right. In a particularly egregious example, a pastor who spoke at his inauguration today flipped a sketchy coin.
A survey claims that many TRUMP buyers are completely new to the business, but this coin wave is large enough to undermine liquidity in other areas of the market.
This is a dangerous formula, because completely naive people are entering this field in large numbers, largely thanks to celebrity endorsements. It’s a near-perfect scenario for scammers.
In the end, Mark Cuban didn’t even confirm that he would flip a coin, much less abuse it. Already, several fake CUBAN tokens are circulating on X (formerly Twitter).
In fact, he has consistently been scathing in his criticism on social media about this wave of rug pulling, saying it dashes crypto’s hope of legitimizing itself. In other words, he may have only said this as a mockery and not as a real offer.
Regardless, the meme coin space is currently extremely volatile and dangerous, and users should remain cautious.
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