Solana-based memecoin launchpad Pump.fun has expanded its footprint by acquiring the Padre trading terminal, aiming to bolster token liquidity amid a cooling memecoin market. Announced on X, the deal’s financial terms remain undisclosed, but Pump.fun emphasized the strategic importance of trading terminals in driving higher volumes. Padre, primarily a memecoin trading terminal, supports multiple blockchains including Ethereum, Solana, BNB Chain, and Base, and boasts features such as cashback rewards, competitive fees, and dedicated trader support. Despite a decrease in market share from 75% to roughly 44%, Pump.fun continues to lead Solana’s memecoin launchpad sector. This acquisition comes as the memecoin market faces a significant downturn, with Pump.fun’s monthly revenue declining more than 80% since January and overall memecoin market capitalization dropping over 21% in the last 30 days, following an October market crash that caused widespread liquidations. The move underscores Pump.fun’s commitment to solidifying its dominance and adapting to a more challenging market landscape.”;