Trader Eugene: Disagree that pump.fun TGE will lead to a decline in related meme coins

BlockBeats News: On July 10th, trader Eugene posted on his personal community to discuss the impact of pump.fun TGE on the trend of related meme coins and the impact of capital inflows. From a first principles perspective, I don't think it's reasonable for memes to fall due to the launch of pump.fun token. Investors buy Fartcoin not because they want to gain overall exposure to the meme market, but because they value its volatility and the name itself. I really don't understand why a TGE from a revenue generating startup platform would cause such huge fluctuations in marginal capital flows for currencies like Fartcoin. If I have to say it, I think this is more like a buying opportunity for memes. But I'm not entirely sure about this, I'm just jotting down my thoughts in real time