**Viral News Snippet:**

Viral News Snippet:

BREAKING: Mark Cuban Warns “99% of Meme Coins Are a Trap” — Reveals He’s Betting Millions on “Real Utility” Blockchain

🚨 SHOCK CLAIM: Billionaire Mark Cuban has dropped a bombshell on social media, claiming the vast majority of meme coins are “nothing more than digital gambling tickets for the gullible.” In a now-viral X post (formerly Twitter), Cuban said he’s quietly sold off most of his high-risk crypto holdings and is instead pouring “eight figures” into a little-known blockchain project focused on decentralized physical infrastructure (DePIN).

Is this real? 😱 Cuban previously pushed Dogecoin and Polygon, but now says: “The next 10x won’t come from cartoon dogs or frogs. It’ll come from making something useful.”

Status: 🔴 Partially FALSE. While Cuban has publicly criticized speculative meme coins (he called them a “gambling distraction” in a May 2024 podcast), no evidence exists of a recent major sell-off or an “eight-figure” DePIN investment. The specific quote about “99% of meme coins being a trap” is fabricated, though consistent with his broader views. Verdict: This is a composite rumor. Cuban is skeptical of meme coins, but the dramatic “bombshell” announcement and specific dollar amount are made up by a fan account to drum up engagement.