Mark Cuban’s Memecoin Idea: 20% Float With All Proceeds Going To The US Treasury
The launch of TRUMP and MELANIA tokens has generated excitement and caution in the cryptocurrency community. Billionaire Mark Cuban is considering creating his own memecoin, inspired by these recent developments. Cuban's proposed memecoin would feature a 20% float and a similar release schedule to Trump’s token, with all revenue directed to the US Treasury for transparency. He aims to combine entertainment with social responsibility, suggesting that memecoins can address societal issues while providing amusement. Critics warn about the risks of launching a memecoin, emphasizing the importance of community-driven initiatives for sustainability. Cuban acknowledges these concerns, citing successful examples like Dogecoin and Shiba Inu, and stresses transparency in his approach. The TRUMP memecoin is currently trading at $44,778, recovering 14% after a significant drop from its peak.
