- Mark Cuban, American entrepreneur has announced an interest to launch his memecoin.
- The success of Donald Trump and Melania Trump’s memecoins have inspired others in the community.
With Donald Trump’s inauguration, as President the whole of the USA has gone into a frenzy. This event has directed winds into our crypto sector through memecoins. In the past few days, Trump and his wife Melania launched their official memecoins which saw mind-boggling trading volume and price hikes.
The success rate of the TRUMP and MELANIA coins have drawn significant attention. Subsequently, the political leaders have sparked an idea for other top personalities in diverse fields. Mark Cuban, entrepreneur, and well-known TV personality, has taken a fancy to the idea of memecoins.
In a recent X post, he floated the idea of launching his own memecoin, but “with a twist”. He said that all the revenue generated from the token will be donated to the US treasury. This Mark Cuban states is a contribution to pay off the US debt.
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.
— Mark Cuban (@mcuban) January 20, 2025
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…
Cuban’s X post sparked quite a debate among community members. Jupiter Exchange offered to help him on the tech side if he planned to act on the idea. Others discussed how the TRUMP token is also currently donating revenue to the US Bitcoin Reserve.
How is Mark Cuban Outlining His Memecoin Idea?
Cuban stated that his memecoin would follow the same terms as Trump’s but would have a 20% float allocation. Additionally, as aforementioned, he also plans to donate the revenue earned to the US treasury.
Furthermore, when questioned about how he would maintain transparency, the entrepreneur stated that he could just ‘publish the wallet address”. In this manner, all transactions will be public knowledge ensuring the said transparency.
On the other hand, while such memecoin ideas have taken to the spotlight, the mainstream crypto market also saw waves. These waves resulting from Trump’s inauguration saw Bitcoin hit a new all-time high over the past day. Several altcoins such as XRP continued their bullish endeavours as per CMC data.
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