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Pump(dot)Fun Announces AMM Launch, Impacting Raydium

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by Giorgi Kostiuk

3 hours ago

As the crypto market changes rapidly, companies are launching their products. It is reported that Pump(dot)Fun is launching its AMM, impacting Raydium prices.

Launch of Pump(dot)Fun's AMM

Pump(dot)Fun, known as a launchpad for memecoins on Solana, has announced testing its own Automated Market Maker (AMM). Earlier, Pump(dot)Fun gathered $500 million in swap fees.

Impact on Raydium

The launch of Pump(dot)Fun's AMM led to a 26% drop in Raydium's price to $3.22. Raydium is known for its efficiency among Solana AMMs but faces challenges from new competitors.

The AMM launch is expected to open new paths in lending and perpetual in the memecoin category.

Raydium's Prospects

Raydium continues to trade below its key EMAs. Market capitalization and trading volumes are volatile. If the decline continues, Raydium may reach support levels at $3.822 and $2.080.

The launch of Pump(dot)Fun's AMM signals possible long-term changes for Raydium. The market will closely watch the consequences in the near future.

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