According to @KookCapitalLLC, the phrase 'jeets = chomped' references aggressive sell-offs by short-term meme coin traders, often called 'jeets,' who were quickly outperformed by buyers ('chomped') during recent volatile trading sessions. This trend highlights rapid liquidations and high turnover in meme coin markets, suggesting increased risk and short-term trading opportunities (source: @KookCapitalLLC, May 8, 2025). Crypto traders should monitor liquidity and order book depth as meme coin volatility can impact broader market sentiment.