Pump.fun
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Raydium’s RAY Token plumets 31% after Pump.fun’s Alleged Amm Testing
The native token of Raydium, RAY has suffered a sharp 31% drop, reaching its lowest price since October 2024. The price drop has occurred as speculation is growing that Pump fun, a major Solana-based meme coin-centric launchpad, is testing out its own Automated Market Maker (AMM), They plan to divert liquidity away from Raydium, which…