PANews reported on July 10 that the trader Eugene said the market decline of Memes due to Pump.fun's TGE launch seems illogical. He believes investors buy tokens like "fartcoin" not to gain exposure to the Memes market, but because of their high volatility and unique naming.
Eugene further pointed out that he cannot understand why a platform with revenue-generating capabilities would trigger significant marginal capital flow volatility for tokens like "fartcoin". He thinks this might actually be a buying opportunity in the Memes market.
