Mark Cuban Proposes New Memecoin with 20% Float for US Treasury

The launch of the TRUMP and MELANIA tokens has stirred interest in the memecoin sector. Billionaire Mark Cuban is considering creating his own memecoin, inspired by these recent developments.

Cuban's Memecoin Plans

Cuban expressed interest in launching a memecoin via social media.
His token would mimic the TRUMP token's parameters with a 20% float.
Revenue from sales would go to the US Treasury, ensuring transparency through a publicly accessible wallet address.
Cuban aims to combine entertainment with social responsibility, addressing US debt through this initiative.

Community Concerns

A user on X warned Cuban about potential pitfalls and market dynamics affecting the coin's price.
Cuban acknowledged the importance of community for sustaining memecoins, citing Dogecoin and Shiba Inu as examples.
Cuban emphasized that investing in memecoins carries risks, comparing it to gambling.

Currently, the TRUMP memecoin trades at $44,778, recovering 14% in 24 hours after a drop from its peak of $79.