**Mark Cuban Dishes on Memecoins: A Game of Musical Chairs 🎶**

- Investor Mark Cuban recently shared his spicy takes on the Rug Radio podcast, calling memecoins "drawn-out rug pulls" with no real-world utility.

- Cuban likened memecoin trading to "playing roulette" and "musical chairs," where everyone gambles on who gets stuck without a seat.

- He believes memecoins are driven by the Greater Fool Theory, where investors hope to sell overvalued assets to someone even more optimistic.

- Despite the skepticism, 2024 is seeing a memecoin boom, with 381,401 new tokens on Solana in just 30 days. Some, like PEPE, even saw a 30% surge in value!