Raydium (RAY) has lost 27% of its value in the past 24 hours amid rumors that Pump.fun, the popular Solana-based protocol used to create meme coins, could soon launch an automated market-maker (AMM).
Pump.fun's AMM plans could disrupt Solana's DeFi scene, threatening Raydium's liquidity dominance and sparking a double-digit RAY price drop.
TL;DR Pump.fun is developing a new AMM that could displace Raydium as the primary liquidity provider on Solana, shifting the dynamics of meme coins. The RAY cryptocurrency saw a 28.10% drop in 24 hours due to speculation about the impact of this new AMM. Pump.
Pump.fun is testing its own AMM, potentially replacing Raydium as the default exchange for its tokens, which could significantly reduce Raydium's trading volume and fees. The post Pump.fun AMM Rumors Trigger 28% Decline in Raydium Token (RAY) Price appeared first on Cryptonews.
Pump.fun is secretly testing the development of a new AMM exchange that could replace the partner Raydium.
Raydium's native token plummeted on Monday as bearish sentiment limited Bitcoin's movements around $95K. While broad market weaknesses contributed to RAY's slump, rumors of Pump.fun's upcoming AMM pools dented Raydium's DEX business. These speculations have seen Raydium's market cap dipping from $1.237 billion to press time's $905K within hours. Pump.
Pump.fun is quietly testing its AMM to offer liquidity pools for its graduated tokens and potentially reduce reliance on Raydium.
One X user reported earlier that Solana memecoin launchpad pump.fun is working to launch its own AMM functionality.
Maker (MKR) has experienced a significant price rally this week, jumping by 60% since February 16. This surge has brought attention to the decentralized finance (DeFi) lending protocol, making it one of the hottest tokens in the market right now.
Raydium's token price fell 22% after the discovery of Pump.fun testing its own automated market maker system, which could redirect trading volume away from Raydium's platform.
Pump.fun AMM Development could disrupt Raydium's dominance on Solana, driving RAY token down by 22% in 24 hours.
Crypto watchers noticed the popular Solana tool apparently testing its own AMM in early Monday hours, dampening sentiment for tokens of its existing exchange.
Raydium's token has dropped 25% after an onchain sleuth said they found Pump.fun was making a protocol that could cut off a source of the DEX's revenue.
Pump.Fun developing its own automated market maker could threatening Raydium's market dominance, Decrypt was told.
Pump.fun, the popular Solana-based memecoin launchpad, is reportedly testing its automated market maker which could replace Raydium as the default decentralized exchange for graduated tokens.
The substantial resistance zone at $1,750 could mark the local top for Maker and start a bearish reversal.
Here is how some of your favorite assets concluded the week.
A technical analysis indicator suggests the decentralized finance (DeFi) altcoin Maker (MKR) could be poised for a correction, according to a popular crypto analyst. Trader Ali Martinez tells his 128,100 followers on the social media platform X that MKR's Tom DeMark (TD) sequential indicator flashed a bearish signal on its 12-hour chart.
The entire crypto market has turned bearish, pushing several top cryptos' prices down, including Bitcoin (BCT) and Ethereum (ETH). However, the Bitget Token (BGB) price decoupled from the market as it registered promising gains in the last 24 hours.
Maker (MKR) price rallied over 44% in the past week. The DeFi token holds steady even as large wallet investors and whales holding MKR take profits in the ongoing price surge.
The cryptocurrency market has witnessed significant activity surrounding Maker (MKR), a token that has surged by 50% in recent times. While this price movement has attracted much attention, the involvement of whales—large holders—adds an additional layer of complexity to the market dynamics.
Trading activity in the crypto market has picked up this week, with the global cryptocurrency market cap rising by 2% over the past seven days.
MKR surged 50%, attracting whale activity as a major holder sold for a $418K profit. With resistance at $1,450, traders await a breakout or potential correction driven by liquidations.
Maker (MKR) price has defied the broader crypto market's recent turbulent action, rallying over 75% in a week. The DeFi cryptocurrency recently witnessed a staggering $156 million token burn, which appears to have fueled a price upswing.
Cryptocurrency prices had a mixed performance this week as investors focused on the recent Federal Reserve minutes and the ongoing Bitcoin consolidation. BTC price remained below $100,000, while the crypto fear and greed index moved to the fear zone. Still, there were some standout coins like Maker (MKR), Pyth Network (PYTH), and Alchemy Pay (ACH).
Maker (MKR) has faced a strong resistance at $1,220 and reclaimed the 20-day EMA after a strong bullish move.
MKR is making a strong comeback after months of decline, thanks to renewed interest from whales and smart money investors. According to crypto.news data, Maker (MKR) jumped 11% to an intraday high of $1,197 on Feb.
While cryptos remain weak amid pessimistic macro developments, Maker (MKR) displayed resilience with substantial price gains over the past week. The altcoin trades at $1,196 after gaining 10% and over 25% in the past day and week. On-chain data indicates continued gains as Maker's record high daily revenue on Feb 10 bolstered the alt's strength.
Most altcoins have crashed by double digits in the past few weeks. Solana, Bonk, Pepe, and Raydium prices have plunged by double digits, meaning that they have moved into a deep bear market. So, let's explore why these altcoins have plunged and what to expect in the near term.
Maker (MKR) is currently defying broader market trends and showing strong potential for a 50% rally. At a time when many assets are experiencing price corrections, MKR has been making bullish moves, surging over 14% in a 24-hour period.
Following the recent bullish breakout, Maker could soar by 50% to reach the $1,600 level.
In this bearish market trend, where major assets are struggling to gain momentum, MakerDAO (MKR) has outperformed major cryptocurrencies and defied the market trend. As of today, February 18, 2025, MKR has gained 7% in the past 24 hours, topping the crypto market and showing signs of a potential price rebound.
Raydium (RAY), a decentralized exchange (DEX) and liquidity provider built on the Solana blockchain, has seen significant growth and adoption since its inception. The platform works in collaboration with Serum DEX, leveraging an automated market maker (AMM) model to provide liquidity.
Raydium has jumped by 15% today, with the Solana-based coin rising to $5.60 as the cryptocurrency market suffers a 0.5% dip in the past 24 hours.
Cryptocurrency prices were on edge on Tuesday morning as investors waited for the upcoming Jerome Powell's congressional testimony and US consumer inflation data. Bitcoin traded at $97,000, while the crypto fear and greed index was at $3.2 trillion. This article explores the forecast of key cryptocurrencies like IOTA, Raydium (RAY), and Litecoin (LTC).
PancakeSwap (CAKE) token rose to a high of $2.1600, up by over 75% from its lowest level this month, bringing its market cap to $556 million.
The crypto politics that shaped recent years came to an abrupt end in July, when Donald Trump took the stage at the Bitcoin Conference in Nashville. His speech was bold, fresh, and revolutionary.
The AMM's month-old perps service is already seeing $100 million in daily volume.
Raydium (RAY) has found itself in a volatile phase, down nearly 20% from its January 30th high. The recent price action has been marked by significant fluctuations, with many traders liquidated in the process.
The liquidation heatmap showed that the closest magnetic zones of note were at $6.64 and $5.7.
Raydium's (RAY) price has rebounded more than 10% after the Monday morning crash, pushing its market cap close to $2 billion. Technical indicators are now showing signs of a potential bullish continuation.
Cardano has been a popular cryptocurrency with over $15.6 billion in staked volume and millions of holders. Yet ADA has been a laggard in the crypto industry, with its price being 76% below its all-time high, and its ecosystem lagging that of other layer-1 blockchains.
Cryptocurrency prices bounced back in the overnight session after Donald Trump paused the sweeping tariffs on Mexico and Canada, removing one of the biggest risks in the market. Bitcoin jumped to over $100,000, while most altcoins jumped by over 10%.
The DEX Raydium has just surpassed its rival Uniswap in terms of volumes recorded during the month of January.
Decentralized trading volume on Solana far outpaced the volume on Ethereum's mainnet in January, according to The Block's data.
Raydium (RAY) has seen an impressive 15% surge in the last 24 hours, pushing its price to $7.50. This bullish movement follows the formation of a cup-and-handle pattern, which often signals a potential breakout.
A technical error in creating a liquidity pool on Raydium led to a $12 million loss for Ross Ulbricht-linked wallets when 40% of their ROSS token holdings were sold at severely discounted