Bloomberg analyst: Meme coin trading is basically a game of musical chairs for adults

Odaily Planet Daily News: Bloomberg senior ETF analyst Eric Balchunas wrote on the X platform to evaluate Jailstool’s significant pump in the past 24 hours. He said, ‘Meme coin trading is basically a game of musical chairs for adults’. (Note: Music Chairs, actually refers to a well-known entertainment activity, usually translated as “musical chairs game”, the core of this game is that participants walk or dance around the chairs with the rhythm of the music, when the music suddenly stops, participants need to quickly grab a chair and sit down.)