Pump.fun, the prominent Solana-based memecoin launchpad, has acquired the Padre trading terminal in a strategic move to enhance its trading infrastructure. The deal was announced on X (formerly Twitter) on Friday, October 24, 2025, for an undisclosed sum, as the memecoin sector faces a contraction after record highs in 2024.
Padre operates as a multichain interface supporting Ethereum, Solana, BNB Chain, and Base, offering cashback incentives, low fees, and trader support. Pump.fun stated that these features will be integrated into its ecosystem to strengthen liquidity and trading depth for listed tokens. "Trading terminals are key to higher onchain volume," the company emphasized in its announcement. Padre will continue to operate under its own brand post-acquisition, according to sources familiar with the matter.
The acquisition occurs against a backdrop of declining memecoin activity. Pump.fun's market share has dropped sharply from 75% at its 2024 peak to about 44%, based on Jupiter data, with monthly revenue falling below $25 million in July—an 80% slide from January levels. The platform has aggressively supported its native PUMP token through buybacks, repurchasing 9.38% of its supply to date. DefiLlama figures indicate a modest recovery in August and September, but volumes remain well below late-2024 highs.
In response to the news, the PUMP token rallied, gaining over 13% in the past week to trade near $0.004, recovering from the October 10 crash that triggered widespread liquidations. Whale activity surged, with one address withdrawing $2 million USDC from Kraken to buy 517.97 million PUMP, and another depositing 3 million USDC on Hyperliquid to open a 2X long position. PUMP open interest stood at around $354 million, with slightly more aggressive short positions but overall balance between longs and shorts.
Pump.fun founder Alon Cohen highlighted the Padre team's achievements, noting, "With less time in the market, fewer resources, and less distribution, they were able to become one of the most popular trading tools onchain." Integration is expected to proceed gradually over the next quarter, focusing initially on unified liquidity routing. This consolidation reflects a broader trend in the post-memecoin market, where infrastructure plays aim to capture long-term user flow as retail speculation wanes.
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