Pump.fun announced the acquisition of a leading multi-chain trading terminal to further expand its ecosystem, triggering a 10% price surge for the platform’s token, PUMP.
“Today marks another historic day for the PUMP ecosystem. What we’re known for is innovating, growing the market as a whole and creating the most retail-friendly products,” Cohen wrote on X.
“But we have always wanted to find more ways to support and reward our existing, loyal user base, most of which uses pro trading terminals,” he continued, adding that “the Padre team has shown the most grit, execution capability and integrity out of any crypto team I have gotten to know.”
Following the news, Pump.fun’s token, PUMP, became one of the best-performing tokens in the past 24 hours, jumping 11.6% to a one-week high of $0.0043. The cryptocurrency has been trading within the $0.0036-$0.0046 price range since the early October correction.
After today’s rally, PUMP “finally broke that structure,” suggesting that the range high should be the next target for the cryptocurrency’s price.
The user considers that “posting a statement that renders the token absolutely useless and sunsetting it in this way is atrocious,” suggesting that the Pump.fun team should have taken a snapshot and announced an airdrop for PADRE holders.
