Nate Geraci, the president of The ETF Store, pointed out in a post that meme coin traders are fully aware that they are playing a crypto version of the "musical chairs" game. These investors do not mistake it for investing in Fortune 500 companies, but rather see it as a "greater fool theory" game, and do not view meme coins as legitimate crypto projects. At the same time, he referred to the "Memecoins101" content on the Phantom platform, pointing out that the meme coin market is highly speculative and volatile, with prices often driven by "influence" rather than basic technology or utility, and advised investors to be cautious and conduct thorough research before participating.
