Billionaire Mark Cuban Considers Launching a Meme Coin to Tackle US Debt

Highlights:

• Mark Cuban suggests a meme coin with a 20% float, with revenue for the U.S. Treasury.
• Cuban highlights meme coins’ speculative nature while emphasizing transparency in the project.
• Cuban warns that poor TRUMP coin performance could harm the credibility of the digital asset market.

In a post on X (formerly Twitter) today, billionaire investor Mark Cuban revealed his plan to launch a meme coin inspired by the $TRUMP token. He said the meme coin would follow the same terms and release schedule as the $TRUMP coin, with a 20% float. 

However, unlike other meme coins, the proceeds would be directed toward reducing the U.S. national debt. He said those who enjoy gambling on meme coins could help reduce U.S. debt. “If you want to gamble, gamble. But at least use it to make a dent in the US Debt,” he wrote. 

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 go to the US Treasury. The wallet address will be published so everyone can track it.

If…

— Mark Cuban (@mcuban) January 20, 2025

Cuban Praises Dogecoin and Shiba Inu

In response to concerns from X user artchick.eth about potential losses and distribution problems, Cuban recognized the speculative nature of meme coins. Artchick.eth also highlighted that successful meme coins often rely on community support and take time to grow. “We agree. It’s why Doge, Shiba Inu, and only a few others have worked. It’s about the community long term,” he said. Cuban also warned that buyers could face losses, emphasizing that it’s essentially a gamble, comparing it to a game of musical chairs.

Cuban mentioned that the wallet address would be made public for tracking purposes. “No promises. No pumps by me. Just complete transparency,” he stated. 

The U.S. national debt is nearly $36 trillion, according to the Treasury Department. Even if Cuban’s memecoin performed like Trump’s, its impact on the debt would be minimal.

On January 18, just days before the inauguration, Trump launched his official memecoin, Official Trump. The token briefly reached a market cap of $14.5 billion but has since dropped nearly 50%, now trading at approximately $7.62 billion, according to CoinGecko. Meanwhile, First Lady Melania Trump also entered the memecoin space with her Official Melania (MELANIA) token. It hit a market cap of $6 billion at launch but has since decreased to about $648 million, according to CoinGecko.

Cuban Warns TRUMP Coin Could Damage Digital Asset Market Credibility

In another post on X, Cuban pointed out that the poor performance of the TRUMP coin could hurt the credibility of the digital asset market. He expressed concerns about its future and how it might affect the progress of regulating digital assets. 

Cuban also highlighted the increasing pressure on U.S. lawmakers to establish clearer cryptocurrency rules and mentioned the FIT21 Act, which could help define the legal status of digital assets. Cuban argued that the TRUMP launch negatively impacted the industry by encouraging investors to buy tokens without fully understanding them. He also joked that Gary Gensler must be laughing.

Mint it, Print it, Sell it Fuck it. That is the mantra for the world you are suggesting.

This is the biggest bunch of self serving Bullshit I have ever heard. In your world there is no ownership. Just speculation.

Hello every scam targeted at everyone and anyone who has… https://t.co/OgA1kE9aAX

— Mark Cuban (@mcuban) January 20, 2025

Shiba Inu Lead Responds

In response, Shytoshi Kusama, lead developer of Shiba Inu, invited Cuban to collaborate with the Shiba Inu ecosystem. He highlighted that the project blends strong community backing with practical technology, such as the layer-2 solution, Shibarium.

Why not align with us @mcuban here at Shib. Take a 10 minute call and see that it's not just community but real technology that keeps us going. Otherwise, you'll release another meme like everyone else.

— Shytoshi Kusama™ (@ShytoshiKusama) January 20, 2025