Rumours swirl on the pump, and the raydium sign drops 22 %. Fun Shifts

RAY, a Raydium gift, fell on Sunday amid rumors that a meme coin might rocket Pump. enjoyment is preparing to launch its own integrated market-making program.

RAY has dropped 22 % over the past 24 hours to$ 3.28 and is down a further 5 % over the past hour, according to data from GeckoTerminal.

Pump. joy has yet to respond to request for comment. The situation has not been publicly addressed by Raydium’s members, and they have not responded to requests for comment.

The dramatic decline comes after an allegedly test-run AMM was discovered that was reroute Raydium’s platform’s major trading volume.

” Pump has had a significant impact on Raydium. joy, as graduated currencies have previously relocated to its AMM, where it charges a 0.25 % charge on swaps”, Min Jung, an scientist at Presto Research, told .

A system known as an automated market maker ( AMM) replaces traditional order books with one that uses algorithms and liquidity pools to automatically set asset prices based on supply and demand.

Users deposit money into discussed pools, and prices adjust automatically using formulas to sustain balance, enabling unrestricted trading.

Based on inside tests, the project’s security certificates appear genuine and place to the Pump. Fun platform, even though the branch domain of the test AMM did not use a lookup tool for domain name services ( DNS ) lookup.

The change could threaten Raydium’s standing as the standard buying location for fresh Solana tokens.

” If Pump. fun is really developing its own AMM, this may reduce future transfer volumes on Raydium, leading to lower cost income”, Jung said.

Currently, projects pay 6 SOL ( approximately$ 950 ) to “graduate” their tokens to Raydium’s more liquid trading pools.

Pump is mentioned in Section 4 of the exam site’s terms and conditions url. Fun’s cost structure, which means that the platform was employ attractive trading fees in line with Raydium, though certain parameters remain undetermined given how the site appears to be still in its testing phase.

Pump. humor’s surge has been rapid, with the system running over$ 5.3 million in daily charges at its maximum. &nbsp,

However, only 1.4 % of tokens launched on the platform currently progress to Raydium’s pools, with less than a hundred of those going above a$ 1 million market capitalization.