Dallas, TX - January 22, 2025 - The recent introduction of TRUMP and MELANIA tokens has sparked significant interest in the cryptocurrency market, prompting billionaire investor Mark Cuban to contemplate creating his own memecoin.
Cuban expressed his thoughts on social media, stating, "If memecoins are the way, maybe I'll issue one." He indicated that his proposed memecoin would share characteristics with Trump's TRUMP token, including a 20% float and a similar release schedule.
All revenue from Cuban's potential memecoin would be allocated to the US Treasury, with the wallet address made publicly accessible for transparency. Cuban emphasized that his initiative aims to blend entertainment with a social purpose, saying, "If you want to gamble, gamble. But at least use it to make a dent in the US debt."
Despite the excitement, Cuban's idea has faced skepticism. A user on X (formerly Twitter) warned about the risks of launching a memecoin, citing the influence of supply and demand on pricing and advising caution.
In response, Cuban defended his grasp of the memecoin landscape, asserting, "It's not hard to put it together. I never have thought about doing a meme coin. Wouldn't be hard at all." He acknowledged the challenges of creating a sustainable memecoin and recognized the importance of community support in ensuring longevity.
As of the latest update, the TRUMP memecoin is trading at $44,778, having recovered 14% in the past 24 hours after a significant drop from its peak of $79.