<ul><li>Pump.fun is testing a new in-house AMM that could potentially replace Raydium as Solana's top memecoin exchange.</li><li>Raydium's RAY token dropped 20% amid Pump.fun's AMM rumors, with analysts predicting a 30%-50% trading volume decline if launched.</li><li>Pump.fun's in-house AMM could retain liquidity within its own ecosystem, affecting Raydium's market share.</li><li>Pump.fun's AMM development solidifies their position as a leader in memecoin innovation and revenue generation.</li></ul>

Pump.fun Reportedly Testing In-House AMM That Could Replace Raydium

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