An X account claiming to be run by Cuban claimed in a post that 200 million tokens would be made available upon release.
DALLAS — An account claiming to be run by Dallas billionaire and minority Mavs owner Mark Cuban made a post earlier this week promoting a new supposed digital token, “$CUBAN.”
According to @hellosirhowa on X, formerly known as Twitter, 200 million of the crypto tokens would be made available on day one of the release, with a total of 1 billion over three years. This token is supposedly supposed to be released this week.
When reached for comment as to the veracity of the post, Cuban wrote the following in an email to WFAA:
“Lol. No.”
These “meme coins” have been surging in popularity recently. President Donald Trump has released one, as well as his wife and First Lady Melania Trump.
The coins, which tend to start as jokes with no real value, can skyrocket in price should enough people buy them.
However, the coins can also cause some trouble for celebrities who sponsor them. Haliey Welch, who went viral for the “Hawk Tuah” meme, disappeared from the internet after releasing her own meme coin that crashed and resulted in a class action lawsuit.
