The president of The ETF Store: Meme coin investors are well aware that they are playing a crypto version of "musical chairs."

ChainCatcher news, The ETF Store president Nate Geraci pointed out that meme coin traders are fully aware that they are playing a crypto version of "musical chairs." These investors do not mistakenly believe they are investing in Fortune 500 companies; they understand that this is a "greater fool theory" game and do not view meme coins as legitimate crypto projects.

Meanwhile, he cited the "Memecoins 101" content from the Phantom platform, noting that the meme coin market is highly speculative and volatile, with prices often driven by "influence" rather than underlying technology or utility. He advised investors to be cautious and conduct thorough research before participating.