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Pump.Fun changes everything! Goodbye Raydium and the collapse without Meme
By Daniele Corno
Everything changes on Solana! Pump.fun is ready to launch its internal exchange and the abandonment of Raydium causes the token to collapse
Pump.fun and a new internal AMM
Important changes are taking place on Solana in the last few hours. The famous token creation and Meme platform, Pump.Fun, seems close to releasing its internal Automated Market Maker (AMM).
In practice, the platform is integrating swap and liquidity provider functions, offering an all-in-one service to its users, from creating tokens to pools of liquidity, with integrated swap functions.
The launch, which took place quietly, has made a first BETA version of the service available on the amm.pump.fun website, which we advise against using in this initial phase.
The development of an internal AMM could bring about a huge change for the platform. Pump.fun, with over $20 billion in volumes, boasts monstrous revenues, equal to about $507 million in less than a year.
The development of an internal AMM also allows the platform to move on to new developments, including the construction of products on top such as loans and trading of derivatives on MemeCoin and others, thus multiplying its sources of income.
The farewell to Raydium and the consequent collapse
Until now, and probably for a short time to come, once a new token was created on Pump.fun and reached a threshold of liquidity, it migrated to the liquidity pools of Raydium.
Thanks to the huge trading volumes related to Meme trading, Raydium had in fact seen strong growth, thanks to this indirect “partnership”.
In fact, 0.03% of the commissions paid by traders became a BuyBack of the RAY token. Thanks to the crazy volumes, such as the $124 billion traded in January, RAY benefited, with price peaks exceeding $8.5.
With this change underway, however, the future of Raydium seems to be losing interest from the market and the result is in fact shown by the price.
In fact, this news alone, of great impact, caused RAY to plummet 30% in 24 hours, collapsing to a price of $3 dollars, a loss of 65% compared to the highs reached only a month ago.
