Meme Coins' Price Hikes Mirror Musical Chairs, Warns Crypto Expert

Crypto expert Pushpendra Singh warns that meme coins lack fundamentals and rely on new buyers to appreciate in value.

Singh points out that meme coins have no revenue, no product, and therefore no intrinsic value, likening price rises to a game of musical chairs where the token's value increases only as long as new buyers enter the market.

This is particularly concerning for investors who may be lured into buying these tokens without fully understanding their underlying worth.