$DOGE Billionaire Mark Cuban, who once considered launching his own meme coin, has announced he has abandoned that intention after a turbulent week in this market.

Meme Coin Too Risky, Cuban Does Not Want to Participate

Speaking to Decrypt, #MarkCuban stated that he no longer wants to engage in the meme coin space due to a lack of transparency and fairness.

💬 "I don't want to get involved in a game of 'musical chairs'," Cuban said, referring to the fact that retail investors can easily become victims in opaque meme coin projects.

This decision comes right after the Libra scandal – a meme coin supported by Argentine President Javier Milei. The token quickly reached a market cap of $4.5 billion, but then collapsed when the development team withdrew all the funds. The incident has led Milei to face allegations of fraud and the risk of impeachment.

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