Ah, dear reader, lend me your ears! Pump.fun, that whimsical masquerader in the land of Solana, is rumored to be conducting clandestine trials of an automated market maker akin to an alchemist’s dream, aiming to usurp the venerable Raydium from its throne as the default decentralized exchange for elevated tokens. How droll! 🪄
This delightful tidbit was gleaned from the ever-watchful eye of Aggr News, the news aggregator of our times – a digital oracle reporting on the whispers of amm.pump.fun, a liquidity pool of ambitions now undergoing secretive experiments. Should fortune smile upon this venture, it would bestow upon Pump.fun the ability to capture a more bounteous harvest of fees, thus casting a shadow upon the Raydium (RAY) fees that mere mortals must pay. 💰
TESTING IN-HOUSE AMM, POTENTIALLY REPLACING RAYDIUM AS THIRD PARTY PROVIDER: WEBSITE
— Aggr News (@AggrNews) February 24, 2025
The winds of change blow vibrantly as memecoins dance chaotically through the decentralized realm, commanding astronomical volumes almost as if they were the new gods of finance. 🥳 According to the wise sages at DeFiLlama, Pump.fun has effortlessly conjured over $500 million in swap fees, a feat worthy of applause! Currently, a meager 1.4% of tokens flung into this carnival of memes find their way to Raydium, indicating that a self-sustaining AMM could catapult liquidity to within the gilded walls of its own ecosystem.
In the echoing halls of the X community, fervent speculations swirl with the fervor of caffeinated monarchs, whispering that this metamorphosis could pave the golden path for memecoin perpetual contracts and lending innovations. Alas, should Pump.fun gallop gallantly toward this grand transition, Raydium might suffer a grievous blow, witnessing a cataclysmic 30-50% decline in trading volume and a corresponding tremor in its market position! 📉 Even now, the beleaguered RAY token has already succumbed to a 20% plunge, as if in a tragic ballet, since this news became public, according to the venerable CoinGecko.
But wait, the plot thickens! Beyond its liquidity intrigues, Pump.fun has flourished in the spotlight by thwarting a nefarious hacker’s brazen attempt to launder funds—a tale worthy of a Shakespearean tragedy—connected to the infamous $1.4 billion Bybit hack. 🦸♂️ In a valiant display of digital heroism, Pump.fun barred this rogue from siphoning assets through its robust infrastructure, thwarting crime with the finesse of a deft swordfighter.
The villain, using the playful guise of a coin named “QinShihuang (500000),” had already orchestrated a staggering $26 million in trade volume before being consigned to the annals of bad decisions. According to the sacred scrolls of blockchain data, our hacker friend transferred 60 SOL to another wallet, a neat little trick to obfuscate the origins of the appropriated wealth before launching their besmirched token upon unsuspecting memecoin launchers.
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2025-02-24 06:42