The memecoin launchpad pump.fun announced today it has acquired Padre, a multichain trading terminal. Padre, which operates on Solana, Base, Ethereum, and BNB Smart Chain, is a competitor in the trading bot space, currently holding about 5% market share.
This acquisition is the latest step in pump.fun's strategy to control the entire memecoin trading pipeline, a move previously signaled by the launch of PumpSwap in March. PumpSwap replaced Raydium as the main decentralized exchange (DEX) for pump.fun tokens.
Following the news, the PUMP token saw a 9% increase. However, the acquisition has been disastrous for PADRE token holders, as the token's price crashed by 78% after it was announced that the token would have no further utility. Many Padre users are reportedly upset, alleging the team abandoned previous promises regarding revenue sharing and buybacks.
The article notes that the reluctance of trading terminals to release tokens has been a sensitive issue for memecoin traders. For instance, the previously popular trading terminal Photon has yet to launch its promised token, and its revenue has plummeted by 99% since its all-time high in January.
October 2025, Cryptoniteuae