Trader Eugene: Disagree that pump.fun TGE will cause related Meme coins to fall
Powered by ChatGPTTrader Eugene posted in his personal community discussing the impact of the pump.fun TGE on the trend of related Meme coins and the impact of capital inflows. "It doesn't seem reasonable to me from a first-principles perspective that Meme coins would fall because the pump.fun token is online. Investors buy Fartcoin not because you want overall exposure to the Meme market, but because you value its volatility and its name itself. I really don't quite understand why a TGE of a revenue-generating launch platform would cause such huge fluctuations in marginal capital flows for coins like Fartcoin. If anything, I think this is more of a buying opportunity for Meme coins. But I'm not too sure about that either, just writing down my thoughts in real time." [Odaily Planet Daily]