Mark Cuban Slams Memecoins, Says They Set A ‘Bad Example’ For New Crypto Investors
Posted On May 9, 2025
Billionaire investor and Shark Tank fame Mark Cuban criticized the growing popularity of memecoins and said that it undermines the “value and utility” of cryptocurrencies.
What Happened: When asked about President Donald Trump‘s support for cryptocurrency and memecoins, Cuban told the Block that “Memecoins and gaming TVL sets a bad example to people who want to try to understand the utility and value of crypto.”
Trump has been personally involved in promoting assets like memecoins via his sons’ ventures and also via Trump Media & Technology Group Corp.’s (NASDAQ:DJT) foray into the space.
The President owns DJT through a trust. Specifically, he transferred his shares in the company to a …
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