Memecoin market now a speculative arena for high-speed traders, analysis finds

The memecoin market has shifted from community-based investing to a form of esports-like trading where reaction speed is critical, BlockBeats reported. The average holding time for a memecoin on the Solana chain is now just 58 seconds, a sharp decrease from the one-day average three years ago. Many former professional gamers are reportedly engaged in these high-speed battles on platforms such as Pump.fun (PUMP). These traders have been observed profiting by searching for information within seven seconds of a popular post on X, purchasing the related memecoin within four seconds, and realizing gains in under three minutes. The outlet noted that top memecoin traders use high-performance PCs and internet connections to minimize latency, trading for more than 16 hours a day. BlockBeats added that the market is no longer a game of shared belief but has become a speculative arena where participants react to fleeting news to take funds from one another, concluding it is no longer suitable for investors with slower reaction times.