The decentralized exchange (DEX) and automated market maker (AMM) token, Radium (RAY), has faced a significant price drop in the past 24 hours. This decline followed speculations about Pump.fun’s attempt to launch a similar feature to the AMM market maker. The rumor was circulated by the user account Trenchdiver on the social network X. If Pump.fun launches this AMM, Radium may lose some of its market share. Currently, when a Pump.fun token gains sufficient trading activity, it transitions to Radium through a mechanism called the Bonding Curve. However, with the launch of new pools, these tokens may directly trade in Pump.fun’s exclusive pools instead of Radium. According to a transaction shared by Trenchdiver on February 20, Pump.fun added its first experimental token called CRACK to its AMM liquidity pool. This token reached a market value of $5.4 million within an hour of its release but then faced severe fluctuations, dropping by around 40%, with a market value plummeting to $1.8 million. Market data shows that the price of the Radium token has dropped over 28% after this news and reached $3.1. Visit the live digital currency price page to monitor the prices of all tokens and cryptocurrencies in real-time.
