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RAY CRASHES 31% AS PUMP.FUN TESTS NEW AMM 😱💥
Raydium's 
$RAY token plummeted 31% after rumors surfaced that Pump.fun, the Solana-based meme coin launchpad, is testing its own Automated Market Maker (AMM). This speculation has sparked fears that Pump.fun might move its liquidity and trading volume away from Raydium, challenging its position as a leading liquidity provider.
The first token to be integrated into the new AMM is the $CRACK meme coin, further fueling concerns about Raydium’s future. If Pump.fun succeeds, Raydium could face significant losses.
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