Will Pump.fun Create Its Own AMM? Impact on Solana’s Memecoin Ecosystem

Rumors circulate that Pump.fun, a platform launching tokens on Solana, is developing its own automated market maker (AMM). Blockchain researcher trenchdiver101 reveals that the platform is testing its AMM on a private testnet, with evidence suggesting a new liquidity pool under internal tests. Following trenchdiver’s post, the token CRACK saw a surge in valuation to over $5.4 million within an hour, according to DEX Screener.    If Pump.fun proceeds with this venture, it could significantly alter how memecoins and microcap tokens trade on the Solana blockchain, directly challenging Raydium, currently the leading AMM for Solana-based tokens.