Pump.fun Acquires Padre in Move to Navigate Cooling Memecoin Market

Pump.fun, a Solana-based memecoin launchpad, has acquired the Padre trading terminal, marking a strategic move to bolster liquidity amidst market cooling for this sector. The acquisition was announced on social media platform X on Friday but financial details remain undisclosed. Pump.fun aims to enhance trading volumes through the integration of the Padre terminal, which is renowned for its user-friendly experience, cashback rewards, competitive fees, and dedicated trader support.