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Dragonfly Partner Haseeb: Meme Coin Trading Dominated by Retail Traders, Should Not Show Weekend Lows

Market Analysis

2026-07-21 01:00:58

MEME0.01%

PUMP-0.06%

HYPE-3.20%

According to Odaily, Dragonfly partner Haseeb recently addressed concerns about Pump.fun's stable revenue curve, attributing the pattern to the composition of Meme coin market participants. Haseeb noted that unlike professional trading markets such as Hyperliquid, where institutional traders and hedge funds dominate, Meme coin trading is primarily driven by retail traders. This structural difference explains why Pump.fun does not exhibit the typical weekend trading volume decline seen in professional markets, Haseeb said.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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