$BNB Billionaire Mark Cuban, who once considered launching his own meme coin, has announced he is abandoning that intention after a tumultuous week in the market.

Meme Coin Too Risky, Cuban Does Not Want to Participate

Sharing with 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 ‘musical chairs’ game," Cuban said, implying that retail investors can easily become victims in meme coin projects that lack transparency.

This decision came right after the Libra scandal – a meme coin supported by Argentine President Javier Milei. The token quickly reached a market capitalization of 4.5 billion USD, but then collapsed when the development team withdrew all the funds. The incident left Milei facing allegations of fraud and the risk of impeachment.

DOGEUSDT

Eternal