Pump.fun, the leading Solana-based memecoin launchpad, has taken a major step to reinforce its position in the market by acquiring the Padre trading terminal. This strategic move aims to boost token liquidity and trading volumes amid a cooling memecoin sector that surged throughout 2024 and early 2025. Although financial details of the acquisition remain undisclosed, Pump.fun highlighted Padre’s user-friendly interface, cashback rewards, competitive fees, and dedicated trader support as key assets. Padre operates as a multichain trading terminal primarily focused on memecoin trading across Ethereum, Solana, BNB Chain, and Base.
Despite a decline from its peak, Pump.fun still commands roughly 44% of the memecoin launchpad market on Solana, a noteworthy share given the sector’s contraction. The broader memecoin market has seen over a 21% drop in market capitalization in the past 30 days, further exacerbated by the sharp market crash on October 10, which led to massive liquidations across crypto.
This acquisition positions Pump.fun to navigate and thrive amid these challenges by enhancing user experience and liquidity, signaling its commitment to maintaining dominance in the evolving memecoin landscape.