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Solana News Update: Pump.fun Purchases Padre to Enhance Liquidity as Memecoin Market Contracts

Solana News Update: Pump.fun Purchases Padre to Enhance Liquidity as Memecoin Market Contracts

Bitget-RWA2025/10/24 16:14
By:Bitget-RWA

- Pump.fun acquires Padre to enhance liquidity and trading volumes amid declining memecoin market enthusiasm. - The move aims to strengthen Pump.fun's 44% Solana launchpad market share as total memecoin cap drops to $74.3B from $123B peak. - Padre's multichain capabilities and competitive fees align with Pump.fun's strategy to counter 80% revenue decline and regulatory challenges. - Analysts highlight memecoins' reliance on social hype over utility, with smaller tokens losing 80-90% value since January 202

Pump.fun, a prominent launchpad for Solana-based

projects, has strategically acquired Padre, a multichain trading platform, to enhance liquidity and trading activity as the memecoin sector cools. The deal, revealed on X (formerly Twitter), did not specify the purchase amount but highlights Pump.fun’s commitment to holding its lead in a market that has seen waning excitement since its 2024 high. Padre enables trading on , , BNB Chain, and Base, and is touted by Pump.fun for its low fees, cashback incentives, and strong user interface.

According to Jupiter, Pump.fun currently commands about 44% of Solana’s memecoin launchpad market, down from a peak of 75% earlier this year. The overall memecoin market has also shrunk, with its total value falling to $74.3 billion in August 2025 from over $123 billion in December 2024. This contraction signals a broader correction, influenced by macroeconomic pressures, regulatory ambiguity, and the speculative character of memecoins.

Solana News Update: Pump.fun Purchases Padre to Enhance Liquidity as Memecoin Market Contracts image 0

The sector’s decline accelerated after the crypto crash on October 10, which led to mass liquidations of leveraged positions and further undermined investor trust. In the last month, the memecoin market has shed over 21% of its value, with smaller tokens such as

(SHIB) and (PEPE) dropping by 80–90% since January 2025. Experts attribute this downturn to the lack of intrinsic value in most memecoins, which are driven more by social media trends than by practical use or technological progress.

Pump.fun’s purchase of Padre fits into its larger plan to adjust to an evolving market. The platform has previously spent over $62 million on buybacks to support its own token, PUMP. Industry analysts believe that for memecoins to recover in the long run, they will need to incorporate real-world utility, such as DeFi features or Layer 2 integrations, to provide genuine value. Nonetheless, regulatory hurdles remain, as the SEC has labeled leading memecoins like

(DOGE) and Shiba Inu (SHIB) as securities—an action that could result in delistings and tighter liquidity.

Despite these obstacles, Pump.fun is confident about its future. By adopting Padre’s trading tools, the platform seeks to broaden its user base and address falling revenues, which dipped below $25 million in July—an 80% decrease from January’s high. As the memecoin industry continues to change, Pump.fun’s success will depend on its capacity to adapt and innovate while managing regulatory and market uncertainties.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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