{"id":47237,"date":"2025-02-24T10:15:44","date_gmt":"2025-02-24T10:15:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=47237"},"modified":"2025-02-24T10:15:44","modified_gmt":"2025-02-24T10:15:44","slug":"raydium-token-plunges-as-pump-fun-eyes-competing-amm-feature-on-solana","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=47237","title":{"rendered":"Raydium Token Plunges As Pump.fun Eyes Competing AMM Feature On Solana"},"content":{"rendered":"

Raydium\u2019s token (RAY) suffered a sharp decline on February 24 amid growing speculation that memecoin launchpad Pump<\/span>.fun<\/span> is developing its <\/span>own<\/span> automated market maker (AMM) feature. The potential competition could challenge Raydium\u2019s dominance in Solana DEX services.<\/span><\/p>\n

The rumor <\/span>emerged from X<\/span><\/a> (formerly Twitter) user \u201c<\/span>trenchdiver<\/span>,\u201d who claimed Pump<\/span>.fun<\/span> is testing AMM liquidity pools. This technology allows users to trade cryptocurrencies directly against liquidity in smart contracts, eliminating the need for a traditional counterparty. <\/span><\/p>\n

Trenchdiver also shared a link to a beta interface branded with Pump<\/span>.fun\u2019s<\/span> logo, suggesting <\/span>that the<\/span> project is well underway.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n

Pump<\/span>.fun\u2019s<\/span> Bonding Curve Bridges Meme Coins to Raydium Trading<\/span><\/h2>\n

Currently, when meme coins launched on Pump<\/span>.fun<\/span> attract sufficient trading activity, they transition to Raydium for further trading through a process called the \u201cbonding curve.\u201d <\/span><\/p>\n

However, if Pump<\/span>.fun<\/span> launches its AMM, it could retain these tokens within its <\/span>own<\/span> ecosystem, potentially undercutting Raydium\u2019s role. <\/span><\/p>\n

\u201cIt seems they plan to have Pump tokens graduate to their <\/span>own<\/span> pools instead of relying on Raydium,\u201d <\/span>trenchdiver<\/span> stated. This shift could enable Pump.fun to extract more fees or implement rewards for its token holders.<\/span><\/p>\n

EXCLUSIVE : @pumpdotfun<\/a> is working on their own AMM liquidity pools, which is currently being tested on https:\/\/t.co\/nuir86gnkl<\/a><\/p>\n

It seems they are planning to have pump tokens graduate to their own pools instead of Raydium so they can either extract more fees on Solana or have\u2026 pic.twitter.com\/svmWfl6Rlt<\/a><\/p>\n

\u2014 trenchdiver (@trenchdiver101) February 24, 2025<\/a><\/p>\n\n

Supporting these claims, on-chain data from February 20 shows Pump<\/span>.fun<\/span> adding its first test token, Snowfall (CRACK), to its AMM liquidity pool. <\/span><\/p>\n

Named after the 2017 television series depicting the 1980s crack epidemic, the token\u2019s market cap skyrocketed to $5.4 million within an hour of trenchdiver\u2019s post, according to DEX Screener. <\/span><\/p>\n

However, the token experienced significant volatility, with its market cap dropping to $1.8 million after a 40% price decline.<\/span><\/p>\n

Pump.fun has <\/span>yet <\/span>to officially confirm<\/span> any AMM development plans<\/span>, but market reactions were swift. Tyler Warner, a podcast host, noted that Raydium\u2019s token \u201cfell off a cliff\u201d following the news, sliding 25% to $3.22 in 24 hours, as per CoinGecko data.<\/span><\/p>\n

Meanwhile, RAY is currently trading at $3.09, down by over 28% in the past day. According to <\/span>analysts<\/span><\/a>, if RAY fails to hold above the immediate support of $3.15, it may test the $3.00 level. Breaking below $3.00 could open the door for further declines toward $2.85.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n

Solana Surpasses Ethereum As Top Ecosystem for New Developers<\/span><\/h2>\n

As reported, Solana\u00a0<\/span>has<\/span>\u00a0<\/span>overtaken<\/span>\u00a0Ethereum<\/span><\/a>\u00a0as the top destination for new developers in 2024, breaking Ethereum\u2019s eight-year dominance in\u00a0<\/span>the<\/span>\u00a0space.<\/span><\/p>\n

Solana saw 7,625 new developers join its ecosystem this year, surpassing Ethereum\u2019s 6,456. The surge was driven largely by increased developer activity in Asia.<\/span><\/p>\n

Solana\u2019s\u00a0momentum began in\u00a0<\/span>July,<\/span>\u00a0when it officially outpaced Ethereum in onboarding new developers for the first time since 2016. This trend continued through the remainder of 2024, with Solana\u2019s developer activity growing by 83%\u00a0<\/span>year over year<\/span>.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n

\n

Key Takeaways<\/h3>\n

Raydium\u2019s token dropped 25% amid rumors of Pump<\/span>.fun<\/span> developing its own AMM feature.<\/span> <\/p>\n

Pump<\/span>.fun\u2019s<\/span> potential AMM could undercut Raydium by retaining <\/span>memecoins<\/span> in its ecosystem.<\/span> <\/p>\n

Pump.fun has amassed over $500 million in fees since January 2024, reflecting rapid growth.<\/span> <\/p><\/div>\n

The post Raydium Token Plunges As Pump.fun Eyes Competing AMM Feature On Solana<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Raydium\u2019s token (RAY) suffered a sharp decline on February 24 amid growing speculation that memecoin launchpad Pump.fun is developing its own automated market maker (AMM) feature. The potential competition could challenge Raydium\u2019s dominance in Solana DEX services. The rumor emerged from X (formerly Twitter) user \u201ctrenchdiver,\u201d who claimed Pump.fun is testing AMM liquidity pools. This […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47237","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47237"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47237"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47237\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}