Pump.fun is testing a new AMM that could rival Raydium as Solana’s top memecoin exchange.
RAY token dropped 20% amid Pump.fun’s AMM rumors, with analysts predicting a 30%-50% trading volume decline if launched.
Pump.fun, a Solana-based memecoin launchpad, is reportedly testing a new in-house automated market maker (AMM), which could potentially replace Raydium as the primary decentralized exchange for tokens launched on its platform.
This development was initially reported by Aggr News on X (formerly Twitter), reporting that this innovation might challenge Raydium’s current dominance in the memecoin space.
The new AMM is currently undergoing internal testing and could serve as a replacement for Raydium as the primary decentralized exchange for tokens launched on Pump.fun.
Effects On Solana Memecoin and Raydium
Raydium’s RAY token has already felt the impact of these rumors, dipping over 20% in the past 24 hours. Investors are concerned about the potential in
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