Solana-based memecoin generator Pump.fun has acquired Padre, a multi-chain trading terminal, to expand its business. Although the details about the acquisition deal were undisclosed, Pump.fun explained that it would bring advanced trading experience to its users. A Lean Towards Crypto Trading Launched in 2025, Padre is a trading terminal with tentacles across four blockchains: Base, BNB Chain, Ethereum, and Solana. Its developer team includes individuals who have worked with notable firms, such as Jump Trading, Nvidia, Goldman Sachs, and Ferrari. Highlighting the reason behind its decision to acquire Padre, Pump.fun’s announcement emphasized that “trading terminals capture most trading volumes in the [crypto] ecosystem.” Pump.fun’s decision to delve into crypto trading comes amid increased attention being paid to the sector recently. For the most part of this year, various crypto-focused projects have delved into the crypto trading ecosystem, particularly the perpetual futures trading market. Instead of building from the ground up, most platforms harnessed underlying technology from top players like Hyperliquid. The memecoin launchpad’s decision to explore crypto trading comes amid the drastic reduction in attention paid to the memecoin market. Last year, the meme token market was the biggest trend. This propelled Pump.fun’s rapid growth despite being launched in January 2024. Fast-forward to the present, and the Solana-based memecoin generator has lost most of its market share in the memecoin sector despite various efforts to stay at the top of its game. Following the announcement, PUMP’s price was $0.004051, representing a mild 4.2% increase over the past 24 hours. Crypto Community Slams PADRE’s Sunsetting Move In its announcement, Pump.fun explained that some of Padre’s features will be changed. One of them was that the token terminal’s native token, PADRE, “will no longer have utility on the platform with no further plans for the future.” This decision sparked a massive backlash from many crypto community members, with some calling it a “rug.” Some users claimed that the Padre team deleted every mention of the token on its Discord channel and even “kicked out users.” One user suggested what both crypto projects should have done to ensure PADRE holders aren’t left in the red. The user stated that all PADRE tokens should have been converted into their equivalent in the PUMP token. At the time of writing, PADRE’s token has experienced a significant price tumble, losing over 79% of its value. Source: CoinMarketCap The post Pump.fun Embraces Crypto Trading Following Padre Acquisition appeared first on CoinTab News.Solana-based memecoin generator Pump.fun has acquired Padre, a multi-chain trading terminal, to expand its business. Although the details about the acquisition deal were undisclosed, Pump.fun explained that it would bring advanced trading experience to its users. A Lean Towards Crypto Trading Launched in 2025, Padre is a trading terminal with tentacles across four blockchains: Base, BNB Chain, Ethereum, and Solana. Its developer team includes individuals who have worked with notable firms, such as Jump Trading, Nvidia, Goldman Sachs, and Ferrari. Highlighting the reason behind its decision to acquire Padre, Pump.fun’s announcement emphasized that “trading terminals capture most trading volumes in the [crypto] ecosystem.” Pump.fun’s decision to delve into crypto trading comes amid increased attention being paid to the sector recently. For the most part of this year, various crypto-focused projects have delved into the crypto trading ecosystem, particularly the perpetual futures trading market. Instead of building from the ground up, most platforms harnessed underlying technology from top players like Hyperliquid. The memecoin launchpad’s decision to explore crypto trading comes amid the drastic reduction in attention paid to the memecoin market. Last year, the meme token market was the biggest trend. This propelled Pump.fun’s rapid growth despite being launched in January 2024. Fast-forward to the present, and the Solana-based memecoin generator has lost most of its market share in the memecoin sector despite various efforts to stay at the top of its game. Following the announcement, PUMP’s price was $0.004051, representing a mild 4.2% increase over the past 24 hours. Crypto Community Slams PADRE’s Sunsetting Move In its announcement, Pump.fun explained that some of Padre’s features will be changed. One of them was that the token terminal’s native token, PADRE, “will no longer have utility on the platform with no further plans for the future.” This decision sparked a massive backlash from many crypto community members, with some calling it a “rug.” Some users claimed that the Padre team deleted every mention of the token on its Discord channel and even “kicked out users.” One user suggested what both crypto projects should have done to ensure PADRE holders aren’t left in the red. The user stated that all PADRE tokens should have been converted into their equivalent in the PUMP token. At the time of writing, PADRE’s token has experienced a significant price tumble, losing over 79% of its value. Source: CoinMarketCap The post Pump.fun Embraces Crypto Trading Following Padre Acquisition appeared first on CoinTab News.