Summary
- Pump.fun is reportedly testing its own AMM.
- Raydium dropped 12.83% following this news.
- Investors should pay attention to Pump.fun's moves as it emerges as a competitor to Raydium.
Pump.fun, a Solana (SOL)-based meme coin issuance platform, is reportedly testing its own Automated Market Maker (AMM).
On the 24th, Aggr News reported via X (Twitter) that "Pump.fun is presumed to be testing its own AMM that could replace Raydium (RAY)."
Raydium plunged on this news. As of 10:27 PM today, Raydium is trading at $3.73, down 12.83% from the previous day according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
