Pump.fun Acquires Padre Trading Terminal as Memecoin Market Cools
Solana memecoin launchpad Pump.fun has acquired multichain trading terminal Padre for an undisclosed amount to enhance liquidity and trading volumes as the memecoin market experiences significant contraction. The acquisition comes as Pump.fun’s monthly revenue declined 80% from January peaks and overall memecoin market cap fell over 21% in the past month.
