Mark Cuban still loves Dogecoin, but bluntly states that every meme coin is like a "brewing Rug Pull scam"

According to Decrypt, billionaire and former owner of the NBA Dallas Mavericks, Mark Cuban, is a well-known supporter of Dogecoin (DOGE), the founder of memes. However, in a recent interview, he stated that he believes every meme is a brewing rug pull scam - but this is also where they are interesting.

Every meme coin is a brewing Rug Pull, right? Because it has no substantial reason to exist, except for its fun, "Kuban said in an interview with Rug Radio." Memes are all a musical chair game

Kuban has always been a supporter of Dogecoin, even accepting Dogecoin as a payment method for purchasing NBA Dallas Mavericks merchandise. He also claimed that Dogecoin has more potential applications than Cardano (Layer 1 blockchain created by Ethereum co-founder Charles Hoskinson).

In this interview, he discussed the major cryptocurrencies and their so-called advantages, whether it's Bitcoin as a store of value and a tool for hedging against fiat currencies, or the smart contract functionality of Ethereum driven decentralized applications (dapps). But in his opinion, Dogecoin also has its value.

Kuban said, "And then there's Dogecoin, which is more about fun and community, it really depends on where you are. And I support all these coins, I see the fun, practicality, and value storage in them, so it really depends on what you aspire to

The meme coins mentioned by Kuban that have hidden funds running away may refer to tokens with smaller market values, such as those launched on meme issuance platforms like Pump.fun and Moonshot, as these projects receive less support from major participants and companies. Most of these tokens have the property of rapid fluctuations and have almost never gained any significant traction, so very few of them can exist for a long time.

Kuban explained, "Part of the game of memes is to seize the opportunity and see if you're making money or losing money. It's like flipping a coin; it's like playing roulette, no one is foolish enough to think it's a good investment - even if they all say on Reddit or Telegram, 'This is the best memes ever made.', To the moon baby！』」

Although Kuban compares the trading of memes to gambling games, he admits that he also pays attention to memes and self mocks his mentality during trading: 'Should I buy some? No, don't be silly, don't be silly.' But you know, it's like flipping a coin, hoping it will have a good outcome. It's just a game. '