Trader Eugene: The launch of Pump.fun's TGE should not lead to a decline in the Memes market, nor should it be a buying opportunity

ChainCatcher news, trader Eugene stated that the decline in the Memes market due to the launch of TGE on the Pump.fun platform seems inconsistent with basic logic. He believes that investors are purchasing tokens like "fartcoin" not to gain overall exposure to the Memes market, but because of their high volatility and unique naming.

Eugene further pointed out that he cannot understand why a revenue-generating launch platform would trigger such extreme fluctuations in marginal funding for tokens like "fartcoin." He thinks this could actually be a buying opportunity in the Memes market.