Trader Eugene: Disagree that the pump.fun TGE will cause related memes to fall.

According to BlockBeats news, on July 10, trader Eugene posted in his personal community discussing the impact of the pump.fun TGE on the related memecoin trends and capital inflow effects. “It doesn’t seem reasonable to me that the launch of the pump.fun token led to a fall in memecoins. From a first principles perspective, I think this is not very logical. Investors buy Fartcoin not because they want to gain overall exposure to the memecoin market, but because they are attracted by its fluctuation and the name itself. I really don’t understand why a TGE of a revenue-generating launch platform would cause such huge fluctuations in marginal capital flow for coins like Fartcoin. If I had to say, I think this is more like a buying opportunity for memecoins. However, I’m not too sure about this, just jotting down my thoughts in real time.”