Pump.fun expands with Padre acquisition as memecoin market cools

Pump.fun has acquired the Padre trading terminal to strengthen token liquidity as Solana’s memecoin market cools from its 2024 highs.

Solana-based memecoin launchpad Pump.fun has acquired the Padre trading terminal for an undisclosed amount, signaling the network’s continued expansion into a sector that has cooled significantly since its peak craze in 2024.

Pump.fun announced the acquisition on X on Friday but did not disclose financial details. The company said the move aims to enhance liquidity for tokens on its platform, noting that trading terminals are key to driving higher trading volumes. 

Pump.fun described Padre as offering a strong user experience, cashback rewards, competitive fees and dedicated trader support.

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