- Cuban proposed launching a memecoin to fund the US Treasury.
- The billionaire was less optimistic about the US Bitcoin reserve initially proposed to address US debt concerns.
The creation of viral and historical cross-chain capital by the “Official Trump memecoin” has inspired more public figures. Mark Cuban proposed the idea of a memecoin to address the US debt crisis.
In X’s (formerly Twitter) post, Kobe male The memecoin will reflect Trump, but with a different twist.
“If meme coins are the way to go, maybe I’ll issue one. With a twist. Same terms as $TRUMP. 20% float. Same release timeline. One difference. All proceeds from the sale of the coins go to the US Treasury. Wallet address will be published until Everyone can track it.
Can memes solve US debt?
In this context, President Donald Trump said:TrumpMemecoin reached nearly $16 billion in market capitalization just hours after its launch.
Kobe believes that such success can be transferred to finance the US treasury and reduce the debt burden, which amounts to $36 trillion. Some community members supported this idea.
Ansem, cryptocurrency analyst and social media influencer, male,
“We will simply cancel the US’s $36 trillion debt by gambling on memecoins.”
However, it should be noted that the launch of the TRUMP memecoin sparked mixed reactions. For Solana’s leadership, it was a stress test for the chain after having to deal with such a huge number of speculators.
But another camp criticized the move, noting that it drained all market liquidity as everyone rushed to bet on Trump. The result? Every sector of the market saw massive selling except TRUMP and SOL stocks.
About 72 hours later, the value of the Trump meme dropped by more than half, a move some called exploitative “extraction of value” from the market.
For perspective, the TRUMP memecoin briefly surpassed MicroStrategy’s volume in just two days It was seized By one user.
“$TRUMP has surpassed $MSTR in terms of market cap. A company that owns 450,000 bitcoins is now worth less than the meme that was created two days ago.”
Another community member stated that the president’s launch of memecoin was not a “Good thing“For the market.
In fact, it has reinforced the popular view that the only product suitable for the cryptocurrency market (PMF) is gambling, dwarfing other use cases such as inflation hedges (stablecoins) in developing countries or real-world asset tokenization (RWA).
However, Cuban’s proposal appears to have a slight twist on his memecoin.
However, some community members have suggested that the US BTC Strategic Reserve could be more influential in addressing US debt concerns. It was Cuban Less optimistic About such a result.
However, it remains to be seen whether the billionaire will continue with his plan and its impact on US debt and markets.