Raydium (RAY) Crashes Amid Pump.fun AMM Speculation
Raydium’s local token, rayin increasing speculation, pump.fun is the leading Solana (Fum) (leading Solana) (sol) Based on the meme coin launch pad, it is testing its own automated market makers (AMMs).
Neither Pump.Fun nor Raydium have officially commented, so the market has responded to speculation.
Pump. FUN’s AMM Test Spark Ray (Ray) Sale
In the past day, Ray’s value fell by 31%. At the time of writing, the tokens are trading at $2.9. This marks the lowest price since late October 2024.
The test version of AMM was found under the URL “ammm.pump.fun”, and the drop seemed to be caused. A chain detective “Trechdiver” discovered this and quickly gained traction in social media platform X (formerly Twitter).
“Pump.Fun is using its own AMM liquidity pool and is currently being tested on Amm.Pump.fun.” Posted.
The meaning of this move is very important. Raydium is a leading provider of AMM and liquidity Solana Blockchain. It has long benefited from its symbiosis Relationship with pump.
Launchpad allows users Create and launch meme coins Prices are inexpensive, while Raydium provides liquidity infrastructure. Once these tokens gain appeal, they enter Raydium’s trading pool, driving volume and incur swap fees. Currently, Raydium charges a 0.25% exchange fee to profit from trading activities Pump.
However, pump.fun seems to be changing its strategy– Potentially transfer transaction volume and fees from Raydium to its own liquidity pool.
This will enable the platform to collect more fees on Solana or introduce new reward mechanisms for token holders, thus directly challenging Raydium in Decentralized Exchange (DEX) ecosystem.
“This move could indeed hurt Raydium’s business,” an analyst explain.
Meanwhile, the first token integrated into its experimental liquidity library is the crack Same corner. If these pools prove successful, Pump. FUN can be reduced It relies entirely on Raydium, breaking down the partnerships that have historically fueled Raydium’s growth.
Therefore, it may be forced Adjust its strategy or risk losing key sources of income. The fight for Solana’s liquidity is heating up and the market is already responding.
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