Dragonfly Partner Claims Meme Coin Trading is Retail-Driven, Weekend Low Patterns Not Obvious

Dragonfly partner Haseeb posted on platform X, addressing concerns about the long-term stability of Pump.fun's revenue curve. He believes this phenomenon is not unusual and resembles the overall trend in cryptocurrency spot trading volume. Haseeb pointed out that some users think the daily trading volume is too stable and lacks a weekend low, leading them to suspect data anomalies. However, this perspective overlooks the participant structure in the meme coin market. Since meme coin trading is primarily driven by retail investors, it does not experience a significant drop in trading volume on weekends like markets dominated by professional traders and hedge funds. He mentioned that users can verify this by looking at the revenue data before the issuance of Pump.fun tokens, which also showed similar stability and does not indicate any anomalies. Additionally, Haseeb noted that trading terminals and Telegram bot trading volumes are relatively high, so their revenue may not be highly correlated with Pump.fun itself. Currently, the largest trading terminal, Axiom, has a revenue curve that closely resembles that of Pump.fun.

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