Pump.fun Acquires Padre Trading Terminal, Crashing Its Token 80%

Pump.fun acquired Padre, an advanced multichain trading terminal, hoping to build out its professional retail user base. This will help the firm capture and tokenize a larger number of opportunities.

However, PADRE has a preexisting token that is apparently being shuttered, causing its value to largely evaporate. This unexpected turn led to community backlash and rug-pull accusations.

Pump.fun made its first acquisition in July, purchasing a Solana wallet-tracking/analytics tool, but it’s already planning a second one. The meme coin launchpad has been expanding with its PUMP token, and now, Pump.fun is acquiring Padre:

we're excited to announce that pump fun has acquired @PadreApp

Padre is an industry leading trading terminal which provides a seamless, high-speed trading experience with next level analytics for professional traders on Solana, BNB Chain, Base, and Ethereum L1

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