Pump.fun—a leading Solana-based memecoin launchpad—announced the acquisition of Padre, a multichain trading terminal popular among professional retail traders.
The deal, for an undisclosed amount, aims to integrate Padre’s advanced tools into Pump.fun’s ecosystem to enhance trading speed, data analytics, and liquidity across chains like Solana, Ethereum, BNB Chain, and Base.
This marks Pump.fun’s second major acquisition, following a Solana wallet-tracking tool in July 2025. Pump.fun, which holds about 44% of Solana’s memecoin launchpad market share down from a 75% peak earlier in 2025, is expanding beyond token launches into full-stack trading infrastructure.
Padre, launched relatively recently, has processed over $500 million in volume and serves 35,000+ wallets with features like low-latency routing, real-time data, competitive fees, cashback rewards, and dedicated trader support.
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Core functions remain intact, but upgrades will focus on better user experience, multi-DEX liquidity discovery, and earlier access to new memecoin listings. Pump.fun’s co-founder Alon Cohen highlighted Padre’s strengths in UX and technology, stating it will become the “#1 pro trading terminal” with dedicated resources.
This vertical integration allows Pump.fun to control more of the memecoin lifecycle—from creation to trading—potentially boosting volume amid a market cooldown its monthly revenue dropped 80% from January 2025 peaks to under $25 million in July.
Pump.fun’s native token ($PUMP) surged 10% to around $0.0040 immediately after the announcement, reflecting optimism about ecosystem growth. The $PADRE token, previously used for platform utility, was stripped of all functions with “no further plans,” causing an 80% price crash to ~$0.0139.
This sparked backlash, with holders accusing Pump.fun of a “rug pull” and demanding compensation like airdrops or snapshots. Traders praised the integration for faster memecoin execution and potential $PUMP airdrops for Padre users. One post called it a “no-brainer” for liquidity.
Frustration over $PADRE’s devaluation dominated, with calls for fairness toward long-term holders. Broader critiques tied into Pump.fun’s controversies, like UK user bans and U.S. lawsuits over securities violations.
Pump.fun has teased a snapshot for $PADRE holders to receive equivalent $PUMP tokens, which could ease tensions. This move comes as Solana’s memecoin sector cools, with Pump.fun facing competition from platforms like LetsBonk.fun.
It positions Pump.fun to “tokenize the world’s highest-potential opportunities” by blending launchpad ease with pro-grade trading. However, ongoing scrutiny— including FCA warnings and class-action suits—could temper growth. For traders, it’s a net positive: expect seamless Solana/EVM bridging and enhanced tools soon.
LetsBonk.fun vs. Pump.fun
LetsBonk.fun often stylized as LetsBONK.fun or bonk.fun—a community-backed Solana memecoin launchpad tied to the $BONK ecosystem—has emerged as Pump.fun’s fiercest rival since its April 2025 debut.
While Pump.fun pioneered no-code token launches in January 2024, LetsBonk disrupted the space by emphasizing ecosystem reinvestment, lower fees, and BONK buybacks/burns. This “launchpad war” has driven innovation but also volatility, with market share flipping multiple times in 2025.
By mid-2025, LetsBonk briefly dominated peaking at 78% market share in July, fueled by hype around $BONK’s resurgence. Pump.fun countered with revenue-sharing updates, the Glass Full Foundation for liquidity injections, and aggressive $PUMP buybacks.
As of now, Pump.fun holds ~75-80% share, but LetsBonk’s ~15-20% reflects sustained pressure—total Solana memecoin launches hit 3M+ YTD, with daily volumes ~$120M.
LetsBonk launches with Raydium partnership, captures 2-18% share via creator incentives (e.g., $5K USDC rewards). Pump.fun at 100% dominance but revenue dips 80% from Jan peaks.
Jun-Jul 2025: LetsBonk flips Pump.fun—first in history—for 24h launches (18K vs. 13K) and revenue ($1.04M vs. $0.53M). Market share hits 64-78%; $BONK +72% amid hype.
Aug 2025: Pump.fun rebounds with 73.6% share, $13.48M weekly revenue highest in 6 months. Introduces revenue-sharing for creators and Glass Full Foundation for “diehard cults.”
Sep-Oct 2025: Duopoly stabilizes; Pump.fun at 80% graduated tokens, but LetsBonk leads in trader mindshare (e.g., international adoption in China). $PUMP +32% weekly; $LETSBONK volatile but +300% spikes.
Hype peaks around flips (e.g., “Historic trench takeover!”), with traders hedging both via $PUMP/$BONK. LetsBonk’s “Junk Fun” teases revival for “dead memecoins,” tying into $BONK’s “Make Memes Great Again” campaign.
LetsBonk’s higher graduation rate 2x Pump’s means better odds for “graduating” to DEXs like Raydium—ideal for quality plays. Pump.fun’s scale suits viral pumps but risks bot saturation. $PUMP $0.0040, +10% post-Padre benefits from buybacks; $BONK ($0.00003) gains from LetsBonk fees up 75% in Jul surges. $LETSBONK (~$0.17) volatile but ecosystem-aligned.
Competition boosts volumes 162M daily txns H1 2025 but raises rugs 98% fail rate. Regulatory heat on Pump.fun FCA/SEC suits could push flow to LetsBonk. Bots dominate both Coinbase est. majority launches; market cooldown could hit revenues 80%+ as in early 2025.
MegaETH Public Sale Massively Oversubscribed
The public sale for MegaETH’s $MEGA token is live and runs for a full 72 hours until October 30. This is a community-driven English auction hosted on Sonar by Echo, offering 5% of the total $MEGA supply 500 million tokens out of 10 billion to accredited investors worldwide.
It’s designed to be fair, transparent, and capped to keep valuations grounded.Quick Sale MechanicsBidding Window: Open now through October 30, 1 PM UTC. You can place, adjust, or withdraw bids in real-time.
Bid Range: Minimum $2,650 USDT, maximum $186,282 USDT per wallet (paid on Ethereum mainnet). Starts at a $1 million FDV $0.0001 per token and caps at $999 million FDV $0.0999 per token. It’s a uniform clearing price—everyone pays the same final rate based on total demand.
Non-U.S. bidders can opt for a 1-year lockup for a 10% discount and allocation priority. U.S. accredited investors get a mandatory lockup. If oversubscribed (which it is), prorated based on “Allo Criteria” like on-chain history, social engagement (e.g., Ethos scores), Kaito AI activity, and NFT holdings (Yapybara or Fluffle). Refunds for excess bids happen post-auction.
Up to ~$50 million, but demand has shattered that. Head to the official sale page at sale.megaeth.com. You’ll need to KYC over 100,000 users already have and connect your wallet. Over 70,000 Twitter users are eligible.
9x+ Oversubscribed, $450M+ Committed. The sale “sold out” its cap within minutes of launch, but since it’s an auction, bidding continues to determine the final price. As of this morning total Commitments is over $457 million from 17,000+ unique bidders 9.1x–9.9x oversubscription.
1,289 wallets at the max $186K bid accounting for ~$240M alone ~$27K per wallet. 7.7% of bids opted for the discounted lockup. $MEGA perpetuals on Hyperliquid are implying a $5B–$7B FDV up from a $6B peak, with Polymarket odds at 89% for >$2B FDV post-launch.
This level of demand is wild—it’s already one of the hottest ICOs of 2025, outpacing many L2 launches. Early stats from Dune dashboards show it hit 3x oversub in 30 minutes, 5x in 2 hours, and it’s climbing. Non-winners still qualify for mainnet rewards, so even partial allocations build ecosystem loyalty.Metric
MegaETH isn’t just another Ethereum L2—it’s built for “real-time” performance, targeting 100,000+ TPS with sub-10ms latency and full EVM compatibility. Think high-frequency DeFi, perps trading, or on-chain games without the lag.
Tech Stack: 20,000+ TPS on testnet already vs. Arbitrum’s ~40K cap; real-time APIs, Chainlink oracles every 2.4ms, and Ethena’s USDM for yield-aligned sequencing up to 10% APY. Total supply 10B $MEGA. Breakdown: 53% KPI staking rewards tied to TVL/TPS milestones, 31.7% VC/team/eco, 5% public sale, 5% mainnet campaigns, rest liquidity/community.
$43.5M pre-ICO from Dragonfly, Figment, Vitalik Buterin, Joseph Lubin. Recent buyback of early warrants to align incentives. “MegaMafia” includes Noise, Cap Money, GTE; community tools like MegaETH Punks NFTs and regional chapters.
High oversub means tiny allocations for non-prioritized bidders; U.S. regs add friction; no big airdrop—focus on stakers/builders. Gas fees on ETH could bite during peaks.
If you’re eyeing this as an asymmetric bet, pre-market signals scream upside like the $7B+ FDV potential, but DYOR—crypto’s volatile, and this is a high-conviction play on Ethereum’s speed upgrade and MegaETH positions Ethereum as a fast pace platform for development.