Businessman Mark Cuban has announced the launch of a meme coin that will mimic the TRUMP token. Unlike other meme coins, however, the income from the sale of the coin will be used to pay off the U.S.

Shark Tank investor Mark Cuban has floated the idea of launching a new meme coin that will be used to help pay off the ballooning US debt.

Melania Trump announced her meme coin, $MELANIA, on Sunday, calling it "The Official Melania Meme" in a post by Donald Trump. Like $TRUMP, her coin was launched on the Solana blockchain. With a fully diluted valuation of $11.14 billion, Melania's 35% stake was worth an estimated $3.89 billion.