Dragonfly Partner: Memecoin Trading is Retail-Driven, Should Not Exhibit the Weekend Lull Typical of Professional Trading Markets

Odaily reports that Dragonfly partner Haseeb posted on X platform, addressing doubts about the long-term flattening of Pump.fun's revenue curve. He believes this phenomenon is not abnormal and, when viewed over a longer timeframe, closely resembles the trend of overall crypto spot trading volume.

Haseeb stated that some users suspect data anomalies due to daily trading volumes being too steady and lacking a weekend dip. However, he argues this view overlooks the participant structure of the memecoin market. Since memecoin trading is primarily retail-driven, it does not experience a significant decline in trading volume over the weekend, unlike markets dominated by professional traders and hedge funds, such as Hyperliquid.

Haseeb noted that users can verify this by checking Pump.fun's revenue data prior to token launches, as its revenue stability was similar before and does not indicate any anomaly. Furthermore, he added that trading terminals and Telegram bots have high trading volumes, so their revenue is not necessarily highly correlated with Pump.fun itself. Currently, the revenue curve of the largest trading terminal, Axiom, closely resembles that of Pump.fun.