In the wake of the successful launch of the Official Trump (TRUMP) and Official Melania (MELANIA) meme coins, Mark Cuban, billionaire investor and owner of the Dallas Mavericks, has hinted at launching his own meme coin. These tokens, which debuted just days before Donald Trump’s inauguration, skyrocketed in value, with TRUMP reaching a staggering market cap of over $14 billion hours after its launch. The popularity of the Trump family played a significant role in propelling these coins to new heights, boosting Trump’s net worth from $7 billion to an astonishing $53 billion.
If meme coins are the way, maybe I’ll issue one. With a twist. Same terms as $TRUMP . 20% float. Same release schedule. One difference.
— Mark Cuban (@mcuban) January 20, 2025
All the revenue from the sale of the coins go to the US Treasury. The wallet address will be published so everyone can track it.
If…
Cuban, intrigued by the rapid growth of meme coins like TRUMP, proposed creating his own coin. His idea centers on donating proceeds to the U.S. Treasury to help reduce the national debt, adding a philanthropic twist to the otherwise speculative market. Cuban emphasized transparency, pledging to publish the wallet address for public tracking of funds. However, he also acknowledged that meme coins are inherently risky ventures, comparing them to gambling. Still, he believes they could have more significance if aligned with a meaningful cause.
NFT influencer Artchick.eth raised concerns, warning that many early investors in meme coins often face significant losses due to their speculative nature. She also noted the difficulty in ensuring long-term sustainability and community-driven growth. Cuban, however, agreed with her point, recognizing that the success of meme coins depends on fostering a strong and dedicated community.
We agree. It’s why Doge, Shibu Inu and only a few others have worked. It’s about the community long term.
— Mark Cuban (@mcuban) January 20, 2025
I’m not saying buyers won’t get rekt. I said it was gambling. It’s a game of musical chairs.
No promises. No pumps by me. Just complete transparency
Cuban praised the success of Dogecoin and Shiba Inu, which have withstood the test of time, largely due to their strong community support. Shiba Inu’s lead developer, Shytoshi Kusama, extended an invitation to Cuban to collaborate with the Shiba Inu ecosystem, emphasizing its commitment to community-driven growth and real-world technology through initiatives like Shibarium.
As for TRUMP and MELANIA, both coins have seen significant corrections. TRUMP is down 40.8% in the past 24 hours, with a current market cap of $6.9 billion, while MELANIA has dropped 62% to a market cap of $800 million. Despite these losses, both tokens continue to attract attention from traders.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.