Mark Cuban announces Trump-inspired meme coin to pay down US debt

Key Takeaways

• Mark Cuban proposes a meme coin with a 20% float, mirroring the $TRUMP coin's structure, with all sales revenue going to the US Treasury.
• Cuban acknowledges the speculative nature of meme coins and emphasizes transparency in the project.

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Billionaire entrepreneur Mark Cuban has announced plans to launch a meme coin inspired by the $TRUMP token.

The project comes with a unique twist: all revenue from the coin’s sales will be sent directly to the US Treasury to help reduce the national debt.

The billionaire entrepreneur outlined his proposal on X, committing to a 20% float and a release schedule matching the $TRUMP coin.

“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: All the revenue from the sale of the coins goes to the U.S. Treasury,” Cuban wrote. “If you want to gamble, gamble. But at least use it to make a dent in the U.S. debt.”

In response to concerns from X user artchick.eth about potential investor losses and distribution challenges, Cuban acknowledged the speculative nature of meme coins.

Artchick.eth also noted that most successful meme coins today are community takeovers, requiring time to build strong distribution and organic growth.

“We agree. It’s why Doge, Shiba Inu, and only a few others have worked. It’s about the community long term,” he said. “I’m not saying buyers won’t get rekt. I said it was gambling. It’s a game of musical chairs.”

Cuban promised transparency in the project, including publishing the Treasury’s wallet address for public tracking. “No promises. No pumps by me. Just complete transparency,” he stated.

The initiative marks a shift in Cuban’s stance on meme coins, which he previously described as “an obvious hustle.”

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