Mark Cuban Slams TRUMP Coin, Praises SHIB and DOGE as 'Crypto Chaos' Ensues

Billionaire Mark Cuban has slammed the newly launched TRUMP coin, labeling it a symbol of “crypto chaos” while offering praise for established meme coins like SHIB and DOGE.

Billionaire Mark Cuban has denounced the recently launched TRUMP coin, calling it a symbol of “crypto chaos” while praising established meme coins like SHIB and DOGE.

Cuban’s remarks on Monday came in response to the massive hype surrounding the Trump-themed cryptocurrency, which has seen a rapid rise since its launch.

“Mint it, print it, Sell it, F** it. That is the mantra for the world you are suggesting. This is the biggest bunch of self-serving bullshit I have ever heard.” Cuban wrote.

His comments were a response to a tweet by Jeff Dorman, Chief Investment Officer of Arca, who claimed that the TRUMP coin signifies a key shift in the crypto landscape. According to Dorman, “The President himself is both an issuer and an investor,” which could drive broader crypto adoption as a capital formation tool. He envisioned a future where tokens become mainstream, imagining that major institutions like universities, municipalities, and brands could adopt similar mechanisms.

Cuban slammed the TRUMP coin for prioritizing speculation over genuine ownership, asserting that it threatens the crypto industry’s attempt to gain credibility. Cuban also took aim at regulatory bodies, arguing that the coin’s launch makes it harder for the SEC to enforce securities laws.

In another tweet, Cuban recognized the success of meme coins with real value and strong communities, stating, “It’s why Doge, Shiba Inu, and only a few others have worked. It’s about the community long term… No promises. No pumps. Just complete transparency.”

Cuban’s comments were a response to a user who observed that sustainable meme coins take time and organic growth to develop a strong community. The user noted that hype-driven launches typically lead to short-term speculation, leaving tokens in the hands of traders rather than community builders.

Cuban’s remarks prompted a response from Shytoshi Kusama, the lead developer of Shiba Inu, who rallied the SHIB community with the tweet, “SHIBARMY let him HEAR YOU!”

Kusama’s reaction came as TRUMP briefly flipped SHIB over the weekend to become the second-largest meme coin by market capitalization, before slipping back to third place. TRUMP coin has ascended to a market cap of $8.95 billion, trailing only DOGE and SHIB.

Meanwhile, key figures in the crypto space had varying opinions. Robert Kiyosaki, author of “Rich Dad Poor Dad,” called TRUMP a “farce” and advised investors to stick to Bitcoin and traditional assets. Elsewhere, Nick Tomaino, a former Coinbase executive, criticized the coin’s launch as “predatory,” expressing concern over its tokenomics, with 80% of the supply reportedly controlled by Trump-affiliated entities.

However, Balaji Srinivasan, another ex-Coinbase executive, offered a pragmatic perspective, suggesting ways to add value to TRUMP. He proposed token-gated events, community-building efforts, and utilizing the coin’s on-chain holder list for targeted political outreach.