Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Real estate guru Grant Cardone says he is no longer going ahead with the launch of his teased Don’t Go To Stanford memecoin. "After doing proper due diligence I've decided in the best interest of my audience, brand and other projects to NOT to go forward with $DGTS coin," Cardone said Sunday on X.
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• See What AI Could Build for Your Portfolio — Try a Custom Index Now Cardone teased the launch of DGTS a day earlier "to prove you can be profitable without a Stanford degree." "I'm baffled how self proclaimed smart people failed to make ANY money after 500 attempts," he said on X. "Who wants to work with me on this? I'll hold 20% of supply for developers. I know nothing about this space so I need lots of help with graphics. Code, affiliates, exchanges, releases etc." See Also: Traders Are Flocking to Direxion ETFs — Targeting Tesla and Elon Musk's Market Moves Cardone’s decision to call off the token launch follows pushback from cryptocurrency investors. Celebrity memecoin launches have historically not ended well, with followers and speculators often left holding the bag while insiders profit. A notable example is President Donald Trump‘s Official Trump memecoin, which is down 96% from its record price of $73.43. The pulled DGTS launch perhaps offers another instance highlighting Cardone’s deepening foray into the cryptocurrency space. Over the past year, he has integrated Bitcoin into his Cardone Capital real estate company, launching funds holding real estate and Bitcoin. He has also said he plans to tokenize the company’s $5 billion portfolio. Speculative assets like memecoins can generate buzz quickly, but they also highlight how unpredictable and thesis-light certain corners of the market can be—especially when decisions are driven more by hype than research. For investors looking to take a more deliberate approach, platforms like Public offer tools to build portfolios around specific ideas. Its AI-powered "Generated Assets" feature allows users to create custom indices based on their own investment thesis—whether that's sectors, macro trends, or market conditions—while also providing context like backtesting and asset-level insights to inform decisions.
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