<ul><li>Raydium’s native RAY token has dropped by over 29% as rumors emerged of Pump.fun developing its competing AMM.</li><li>Pump.fun is reportedly testing its AMM liquidity pools and planning to migrate pump tokens to these pools instead of Raydium.</li><li>The move could threaten Raydium’s dominance in the Solana decentralized finance ecosystem.</li><li>The RAY token has fallen 29.1% in the past 24 hours, currently trading at $3.09.</li></ul>

Raydium’s RAY Token Drops 29% Amid Rumors of Pump.fun’s Competing AMM

Discover more