Nate Geraci, president of The ETF Store, wrote that Meme traders are fully aware that they are playing the crypto version of the "musical chairs" game. These investors are not mistaken for investing in Fortune 500 companies, they know that this is a "greater fool theory" game, and they do not see Meme as an orthodox crypto project.
At the same time, citing the Phantom platform's "Memecoins 101" content, he pointed out that the Meme coin market is highly speculative and volatile, and the price is often driven by "influence" rather than underlying technology or practicality. He advised investors to exercise caution and conduct thorough research before participating.
President of The ETF Store: Meme traders are fully aware that they are playing the crypto version of the "pass the drum" game
2025-01-20 01:05:01
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