It's a big mistake! - Mark Cuban on TRUMP coin

[EFS]

This is not just something Cuban is thinking about. People investing in Trumpcoin and other low-quality meme coins should be aware of the kind of gamble they are taking. The risks are huge, and the returns are often very small. This isn't even considered an investment, it's pure gambling.
Meanwhile, Cuban has much bigger things on his mind right now. One of the strangest trades in history just happened, and since he is no longer a majority stakeholder in the Mavs, he had no say in it. He must be losing his mind right now.

[Hispo]

This Trump coin get as high as 70USD per coin in the market before and now at 25 something. Cuban is very aware if it and he is afraid that many people will lose money on this and will take risk as the coin is not suitable for a long hold. the value might fall down more.

How about you? will you HODL this one?

I would not touch that memecoin with a 10 feet pole, to be honest. The intentions of such a projects have been pretty clear from day one, for those who have paid attention to most memecoins in the market. It is all about the team of the project to hold thousands before launching it and those gullible investors to buy in, in detriment for the late comers. It is pure gambling.
If Trump really wanted to help the crypto community or keep supporting this rally of alternative currencies in the midterm, he just had to mention his support for decentralization and Bitcoin/Ethereum, but he chose to try to scam as many people as possible with his memecoin/shitcoin instead.

It says much about to what lengths he is willing to go when comes to getting money out of his supporters.

[adultcrypto]

We all know Mark Cuban as one of the judge in Shark Tank, a great investor and Owner of Dallas Mavericks of NBA.
He is also a big support of Cryptocurrency specially Ethereum and Bitcoin.
Is is the big factor of the DOGEcoin big leap when they accept the payment of this memecoin to their business.

DOGE finally made it and this is the main reason why there is so many memecoin today. And this is what we have now and for Mark it is a very big mistake if CEO and business will start this to others.
We know that USA PRES. Donald Trump was unaugurated and on that same day they launched is meme TRUMP coin and not just that, they also have MELANIA coin who is afrter the First Lady.
This Trump coin get as high as 70USD per coin in the market before and now at 25 something. Cuban is very aware if it and he is afraid that many people will lose money on this and will take risk as the coin is not suitable for a long hold. the value might fall down more.

How about you? will you HODL this one?

I think every one investing in memecoins already know it more or less gambling because you can make so much money within a short time or lose all your money within a short time too. With this mindset, it becomes necessary to calculate when to buy and when to sell so that buying can be done when the big boys are buying which is the beginning of the hype while selling can be done and the peak of the hype, like when the news become viral and many people are jumping onboard. Anything outside this range might lead to loss or reduction in profits. It is important to note that holding these memecoins is definitely not an option since they are not for long term holding.

[lixer]

I think every one investing in memecoins already know it more or less gambling because you can make so much money within a short time or lose all your money within a short time too. With this mindset, it becomes necessary to calculate when to buy and when to sell so that buying can be done when the big boys are buying which is the beginning of the hype while selling can be done and the peak of the hype, like when the news become viral and many people are jumping onboard. Anything outside this range might lead to loss or reduction in profits. It is important to note that holding these memecoins is definitely not an option since they are not for long term holding.

No doubt all investors of meme coins well understand about consequences of their investment but still need to understand things have never been easy to predict about timing of buying and selling without having inside news about this.

Here usually peoples those are having real time updates and also can take bold decisions surely capable of having good understanding of trading can jump here for big profits but still not all winners many are also losers mean things are not balanced. No one will ever suggest about holding of meme coins because they are not reliable and also have no solid use case which give users loses consistently just taking timely actions are always good.

[justdimin]

I can confirm that Mark Cuban wanted to launch a memecoin himself after the Trump launch but obviously knew that his coin meme might not do as well as Trump. 

Why not? I think he is somewhat famous, so there must still be a chance for his memecoin to do better even not in the level of Trump coin and others but I must be grateful already with that. A profit is still a profit no matter what.

Here I also agreed Mark Cuban not needed for any explanation about this because now community well understand how things are working and how big players are using this for their own many gain millions and many lost their lives savings but still lessons to be taken because without having solid strategy and rules no one can bring changes.

If you are not new in here, you understand the game already long time ago itself. Maybe you are only referring to the newbies there but that is still great if they have now woken up from the reality. By players, I think you mean the creators of meme coins and their team. There are also the third-party institutions and whales that helps on manipulation but apart from them, some normal individuals might have benefited as well.

[hero_the_bossman]

I can confirm that Mark Cuban wanted to launch a memecoin himself after the Trump launch but obviously knew that his coin meme might not do as well as Trump. 

Why not? I think he is somewhat famous, so there must still be a chance for his memecoin to do better even not in the level of Trump coin and others but I must be grateful already with that. A profit is still a profit no matter what.

Agreed.
Every influencer / big guy can create one, it's just a matter of the sentiment on the market and how people would follow it through with their funds, due to the persona impersonated on said meme. The bigger, the better.

[nelson4lov]

I can confirm that Mark Cuban wanted to launch a memecoin himself after the Trump launch but obviously knew that his coin meme might not do as well as Trump. 

Why not? I think he is somewhat famous, so there must still be a chance for his memecoin to do better even not in the level of Trump coin and others but I must be grateful already with that. A profit is still a profit no matter what.

Well, it would still be a success — no doubt about that. But my opinion was that the success will be short lived. Mark cuban has been in the crypto space for as long as I can remember amd majority of the projects he shilled mercilessly have all gone obsolete. I remember when he shilled Casper token for months.

The reality is that, he might launch it (if he hasn't already) and if it dump, he would play the same card that Dave Portnoy played.

[Ziskinberg]

Well, it would still be a success — no doubt about that. But my opinion was that the success will be short lived. Mark cuban has been in the crypto space for as long as I can remember amd majority of the projects he shilled mercilessly have all gone obsolete. I remember when he shilled Casper token for months.

The reality is that, he might launch it (if he hasn't already) and if it dump, he would play the same card that Dave Portnoy played.

It doesn’t make sense to criticize Trump Coin when he’s planning to launch his own.

I don’t buy it because if he does launch his own coin, there’s a chance it won’t even be as successful as Trump Coin. That would be a huge slap in the face for him, considering he’s been pretending to protect typical investors, when in reality, he also has plans to take advantage of the market.

[woez]

It doesn’t make sense to criticize Trump Coin when he’s planning to launch his own.

I don’t buy it because if he does launch his own coin, there’s a chance it won’t even be as successful as Trump Coin. That would be a huge slap in the face for him, considering he’s been pretending to protect typical investors, when in reality, he also has plans to take advantage of the market.

Of course, Mark Cuban is ready with all these strategies and this is also one of the good moments where the crypto market is seen as a good area and has the potential for quick returns. It is easiest if someone is already famous and of course has many supporters/communities to move it, it only takes a few pumps to make it interesting.

[Mr. Magkaisa]

The official Trump meme coin is currently sitting at around $16.50, a significant drop from its peak of $75. Whether insiders cashed out or traders got burned, one thing is clear: President Donald Trump reportedly made a substantial profit.

According to the New York Times, the Trump family and their partners reportedly earned nearly $100 million in trading fees—much of which remains untouched. It’s worth remembering that Trump launched the coin just three days before taking office, suggesting that diversifying revenue streams was already on his presidential agenda.

https://www.nytimes.com/2025/02/09/us/politics/trump-crypto-memecoin.html

I can confirm that Mark Cuban wanted to launch a memecoin himself after the Trump launch but obviously knew that his coin meme might not do as well as Trump. So seeing him throwing shades at trump only means he's throwing stones at others despite living in a glass house.

I've come to understand that in crypto, people will often say shit if something doesn't benefit them but keep lips shut when they're in on him. Even Mark Cuban is no saint in crypto.

Seems Cuban is correct. He is indeed not a saint in crypto but a good to follow.