 
 
Billionaire Mark Cuban has slammed the newly launched TRUMP coin, labeling it an emblem of “crypto chaos” whereas providing reward for established meme cash like SHIB and DOGE.
Cuban’s remarks, made on Monday, got here in response to the rising frenzy surrounding the Trump-themed cryptocurrency, which has seen a meteoric rise since its debut.
“Mint it, print it, Promote it, F** it. That’s the mantra for the world you’re suggesting. That is the most important bunch of self-serving bullshit I’ve ever heard.” Cuban wrote.
His feedback had been directed at a tweet by Jeff Dorman, Chief Funding Officer of Arca, who argued that the TRUMP coin alerts a pivotal shift within the crypto panorama. In response to Dorman, “The President himself is each an issuer and an investor,” which might encourage broader crypto adoption as a capital formation device. He envisioned a future the place tokens change into ubiquitous, predicting that main establishments like universities, municipalities, and types might undertake comparable mechanisms.
Cuban accused the TRUMP coin of selling hypothesis over authentic possession and warned that it jeopardizes the crypto business’s efforts to realize credibility. Cuban additional referred to as out regulatory our bodies, asserting that the coin’s emergence undermines the SEC’s potential to implement securities legal guidelines.
 
In a separate tweet, Cuban acknowledged the success of meme cash with actual worth and robust communities, stating, “It’s why Doge, Shiba Inu, and only some others have labored. It’s in regards to the neighborhood long run… No guarantees. No pumps. Simply full transparency.”
Cuban’s feedback responded to a consumer who noticed that sustainable meme cash require time and natural progress for a robust neighborhood to emerge. The consumer identified that hype-driven launches typically lead to short-term hypothesis, leaving tokens within the palms of merchants fairly than neighborhood builders.
Cuban’s remarks drew a response from Shytoshi Kusama, the lead developer of Shiba Inu, who rallied the SHIB neighborhood with the tweet, “SHIBARMY let him HEAR YOU!”
Kusama’s response got here amid a weekend shake-up within the meme coin rankings, as TRUMP briefly overtook SHIB over the weekend to change into the second-largest meme coin by market capitalization earlier than slipping again to 3rd place. TRUMP coin has surged to a $8.95 billion market cap, second solely to DOGE and SHIB.
In the meantime, distinguished voices within the crypto business have expressed blended opinions. Robert Kiyosaki, creator of “Wealthy Dad Poor Dad,” dismissed TRUMP as a “farce,” urging traders to stay to Bitcoin and conventional property. Elsewhere, Nick Tomaino, a former Coinbase government, criticized the coin’s launch as “predatory,” citing issues about its tokenomics, with 80% of the provision reportedly managed by Trump-affiliated entities.
Nonetheless, Balaji Srinivasan, one other ex-Coinbase government, supplied a realistic view, suggesting methods so as to add worth to TRUMP. He proposed token-gated occasions, community-building efforts, and leveraging the coin’s on-chain holder checklist for focused political outreach.
