Shark Tank star Mark Cuban is a famous supporter of Dogecoin, the original crypto meme coin. However, in a recent interview, the billionaire entrepreneur and investor said that he believes that “every meme coin is a rug pull in the works”—but that is also what makes them fun. 

Meme coins are extremely volatile crypto tokens largely motivated by sensational hype as traders speculate on their price. They’re often based on internet memes, public figures, or world events, though we’ve seen some coins vault to prominence via hacked celebrity accounts… or from a dev setting himself on fire.

Ultimately, very little holds up the price of these assets. Moo Deng is just a cute baby hippo, not the future of finance. Nobody should have any illusions about that.

“Every single meme coin is a rug pull in the works, right? Because there’s no real reason for it to stick around other than the fun of it,” Mark Cuban told Farokh Sarmad of

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Author: Ryan Gladwin

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