Overview
- Pump.fun confirmed the purchase of PadreApp, a high-speed trading terminal for Ethereum, Solana, Base and BNB Chain.
- The company said PadreApp will keep running on leading DEXs and launchpads, with planned improvements to user experience, trading incentives, speed and market data.
- Pump.fun announced the PADRE token will be discontinued due to a lack of utility, and CoinCentral reports the token dropped about 80% as some users accused the project of a rug pull.
- PUMP rose roughly 11% after the news, though CoinJournal noted lighter 24‑hour volume and short‑term technicals that point to fragile momentum.
- Pump.fun positions the deal as combining Padre’s pro‑trading execution and analytics with its launchpad to capture more trader engagement and cross‑chain liquidity.