Mark Cuban Eyes Trump’s Memecoin to Tackle US Debt

• Mark Cuban’s memecoin would contribute all proceeds to the US Treasury.
• The memecoin market expands as Bitcoin reaches a fresh all-time high.

Entrepreneur and television personality Mark Cuban has indicated he will invest in a memecoin, being inspired by the great success of the Donald Trump and Melania Trump tokens. Donald Trump’s inauguration created waves in the crypto world, generating significant hype and even inspiring new ideas like coin launches.

Trump and Melania’s official memecoin had enormous trading volumes and price spikes, which brought them into the sights of the wider community. Such successes inspire other high-profile individuals to get involved. The latest one on that list is Mark Cuban, who adds his own flavor to it.

Mark Cuban Memecoin Concept

Recently, Cuban floated a proposal on social platform X to create a memecoin whereby all its revenues would be donated to the U.S. Treasury, allegedly to raise money toward the reduction of the national debt. This angle to charity has shown mixed reviews, with some applauding the concept and others questioning its feasibility.

Cuban detailed his plan and mentioned that his token would contain a 20% float allocation. But be based on the model of Trump’s memecoin. He offered to make the wallet address of the token public. This would make all the transactions traceable in the public domain.

Meanwhile, the hype about the memecoins of Trump also has affected the broader crypto space. According to CoinMarketCap, Bitcoin has set a new ATH while altcoins such as XRP have gained strong bullish strength over the last week. At the time of writing, XRP trades at $3.08. This has fallen down to 6.19% in the last 24 hours, and BTC is trading at $102,167, falling to 5.47% in the last 24 hours.

And now that Cuban’s memecoin idea finds itself catching the breeze, so does the fascinating intersection of politics, philanthropy, and crypto innovation.