In a surprising tweet, billionaire Mark Cuban elevates the Shiba Inu to rare status: a coin that he says actually “worked.” This classification, spoken during a discussion about launching its own coin, lends a new level of legitimacy to the project that began as a coin but has since evolved into a technological powerhouse.
A rare nod to Shiba Inu in the world of Meme Coin
Cuban Messageoffering a meme coin with a 20% float and a transparent revenue stream to the US Treasury, was designed as a response to the current meme coin craze. He said: “If you want to play, play. But at least use it to reduce the US debt.
This proposition, however, was quickly followed by his acknowledgment that “Doge, Shibu Inu, and only a few others worked,” placing Shiba Inu in a narrow category of successful products. coins.
Skepticism and community debate
The crypto philosopher artchick.eth immediately disputed Cuban’s idea, the warning: “Your subscribers will be rekt. » The user argued that Cuban’s launch would be plagued by information asymmetry and that “there is no ‘sale’, the price of the coin is determined by the lps supply and starts at practically 0.”
Artchick.eth further argued that “it is almost impossible to ‘put it all together’ in a sustainable way that benefits holders in the long term”, pointing out that successful meme coins are often “community takeovers” Who grow organicallynot via fashionable launches.
The “musical chairs” analogy
Cuban, in response, downplayed the complexity of creating a coin, stating: “It’s not difficult to set up. » He then conceded to artchick.eth the point on communitysaying: “We agree. This is why Doge, Shibu Inu and only a few others worked. This is about community for the long term.
However, he maintained that purchasing meme coins is “a game of musical chairs,” adding: “I’m not saying buyers won’t get a response. I said it was a game. No promises. No push-ups from me. Just finish transparency.”
Magnifying glass @kaaldhairya pic.twitter.com/8bxwdkMbyA
– Shytoshi Kusama™ (@ShytoshiKusama) January 21, 2025
The visionary Shiba Inu extends an invitation
Shytoshi Kusama, the visionary behind the Shiba Inu ecosystem, took the opportunity to highlight the technological advances of the project. He tweeted“Why don’t you align yourself with us here in Shib. Take a 10 minute call and see that it’s not just the community but the real technology that keeps us going. Otherwise, you’ll post another meme like everyone else.
Mark Cuban’s recognition of the Shiba Inu as a successful coin and his intention to create his own coin has sparked a much-needed discussion about the evolving role of coins in cryptocurrency. landscape. While Cuba’s transparent and candid approach highlights the speculative nature of such investments, it also underscores a key point: meme pieces, when driven by strong communities, can move beyond their origins as jokes and become actors important in space.
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be considered financial advice. The Shib Daily is an official media outlet and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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