Shiba Inu Developer Responds to Mark Cuban’s Meme Coin Critique
Mark Cuban shared thoughts on the success of meme coins like Shiba Inu and Dogecoin, highlighting their community-driven nature. He criticized the recently launched TRUMP token, which peaked at a $14.9 billion market cap before dropping over 45%.
- Cuban proposed a new meme coin concept aimed at addressing the US national debt.
- Shiba Inu's lead developer, Shytoshi Kusama, invited Cuban to discuss their technology beyond just community aspects.
- Shiba Inu has a market capitalization of $11.7 billion, trading at $0.00002, down over 7% in the last 24 hours.
- The overall memecoin market declined by 3.3%, with a total market cap of $111.6 billion.
- $41.323 billion worth of meme coins were traded in the past 24 hours.
Kusama emphasized that Shiba Inu is focused on technological innovation, countering perceptions of meme coins as lacking real-world applications.
Source: Mr Chart Norris on X