Bloomberg analysts: Trading meme coins is basically a game of musical chairs for adults

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas posted on the X platform commenting on the significant rise of Jailstool in the past 24 hours, stating: "Meme coin trading is basically an adult game of musical chairs."

It is reported that Music Chairs, or musical chairs, actually refers to a well-known entertainment activity, commonly translated as "musical chairs game." The core of this game is that participants walk or dance around chairs to the rhythm of the music, and when the music suddenly stops, participants must quickly grab a chair to sit down.