The musical chairs has always been part of the WL offers. What seems a tad different this year is the short, time-limited “exploding offer”. Have previously only seen that in job offers! My guess is, as students find and settle into their acceptances, including those who get into desired schools from WLs, the acceptance of WL spots will drop off as students pay their deposits at other schools, find roommates, make move-in plans, etc. There are always those who will hold out for a strongly desired school, but my guess is that many WL offers will ultimately be declined by the students (as several have posted in this thread).
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