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Trader Eugene: Disagreeing with the pump.fun TGE will cause a drop in the associated meme coin
BlockBeats News, July 10th, Trader Eugene posted in his personal community discussing the impact of the pump.fun TGE on the price trend of related meme coins and the influence of capital inflow.
「I don't think it's very reasonable to see meme coins drop in price because of the pump.fun token launch. From first principles, I think this doesn't make much sense. Investors don't buy Fartcoin because they want exposure to the overall meme market; they buy it because they are drawn to its volatility and its name. I really don't understand why a revenue-generating platform's TGE would cause such significant volatility in a marginal coin like Fartcoin.
If I had to say, I think this looks more like a buying opportunity for meme coins. However, I'm not very sure about this; it's just a real-time record of my thoughts.」
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