Pump.fun, a platform facilitating token launches on the Solana blockchain, is reportedly developing its own automated market maker (AMM). While unconfirmed by the platform itself, blockchain researcher trenchdiver101 discovered a private testnet showcasing this potential move. Notably, a new liquidity pool, amm(.)pump(.)fun, has surfaced amidst internal tests. Following this development, the price of Pump.fun’s token, CRACK, surged to $5.4 million valuation in just an hour, according to DEX Screener. If this venture comes to fruition, it could significantly reshape the Solana ecosystem for memecoins and microcap tokens. This would directly challenge Raydium (RAY), currently the dominant AMM for Solana-based tokens, and potentially disrupt its dominance.