Mark Cuban, billionaire, teases a meme coin inspired by Donald Trump's recent token.

Mark Cuban, owner of the Dallas Mavericks, plans to launch a meme coin inspired by Donald Trump's recent $TRUMP cryptocurrency project. This meme coin will adopt similar terminology and have a 20% initial float, with 20% available at launch and the rest held by Cuban and his entities over three years to manage supply and price stability. Unlike $TRUMP, all proceeds from the sale of Cuban's meme coin will go directly to the US Treasury, ensuring transparency through shared wallet addresses. Cuban likens it to a gamble but emphasizes its potential to contribute to debt reduction. He expects the launch process to be straightforward, drawing inspiration from his previous support for Dogecoin and his personal investment of $494 in the coin. The Dallas Mavericks have also previously accepted Dogecoin for merchandise and tickets. Trump's meme token on Solana, launched over the weekend, saw initial trading volumes in the billions but experienced drops post-launch. As of Tuesday, it stood at a 22% loss, priced at $35.29 with a market cap of $7.05 billion, while Trump and associated entities control 80% of its supply, raising concerns about potential conflicts of interest given Trump's role in shaping crypto regulations.