Since Donald Trump's victory, the cryptocurrency market has been in the headlines. While several assets have seen significant increases in the past day, some have yet to follow suit. Meanwhile, the Trump meme coin has gained a lot of momentum. The asset has been soaring, and some members of the industry want to be part of this success. Billionaire Mark Cuban is the latest to jump on this trend, expressing his interest in launching his own meme coin.

 

Mark Cuban revealed on X (formerly Twitter) that he intends to launch a meme coin. While it will be similar to Trump's, it has a key difference. The twist is that all the proceeds from coin sales will go directly to the U.S. Treasury to help reduce the national debt. The "Shark Tank" host introduced Mark Cuban's plan on X, promising a 20% float and a release schedule corresponding to the TRUMP coin.

 

"If meme coins are a thing, maybe I'll issue one. There's a twist. Terms are the same as Trump's - 20% float. Same release schedule. One difference. All proceeds from selling these coins go to the U.S. Treasury. The wallet address will be 公布 so everyone can track it."

 

Although this might seem like a great addition to the industry, the community hasn't shied away from warning Mark Cuban. NFT influencer artchick.eth responded by reminding him of the potential issues. The X user pointed out that since meme coins are usually speculative, such ventures often result in losses for early adopters. artchick also emphasized to Mark Cuban how challenging it is to ensure community - driven development and sustainable growth.

 

Cuban is thought to understand the NFT influencer's perspective. He noted that her concerns were valid. The billionaire agreed that building a loyal community is crucial for the long - term success of a meme coin. He cited Dogecoin (DOGE) and Shiba Inu (SHIB) as examples of coins that have remained relevant through the growth of a large user base. He added,

 

"We agree. That's why Doge, Shibu Inu, and a few others are working. It's about the community in the long run. I'm not saying buyers won't get rekt. I'm saying it's gambling. It's a game of musical chairs. No promises. I'm not pumping, just being completely transparent."

 

Shytoshi Kusama, the lead developer of the Shiba Inu network, was quick to get wind of this. He soon urged Mark Cuban to look into SHIB. The developer continued to press the billionaire to have a 10 - minute call. Shytoshi Kusama said,

 

"Have a 10 - minute call and see that it's not just the community that's driving us forward, but also real technology. Otherwise, you'll be launching another meme like everyone else."