The Padre token slumped more than 76% as its price fell from above $0.076 to $0.011, with this coming after memecoin launchpad Pump.fun announced it had acquired the multichain trading terminal 🤯.
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Why Pump.fun acquired Padre 🤔
Pump.fun (PUMP) disclosed the acquisition on October 24, 2025, noting via X that Padre allows the Solana-based memecoin launchpad to expand its traction with one of the industry’s leading trading terminals 📈.
The platform offers users a high-speed trading experience, and professional traders can tap into its solution across Solana, BNB Chain, Base, and Ethereum 🤖. Padre is set to unlock an advanced trading experience for users, the Pump.fun team said 📣.
But while Padre will continue to function as usual, including providing access to trading on every launchpad and decentralized exchange across the supported chains 📊, there’s one notable change 🚨.
And that’s what likely spooked token holders 👻. Pump.fun said the PADRE token “will no longer have utility on the platform” 🚫. Furthermore, it indicated that there are “no further plans for the future” 🔮. No utility means worthless, and holders could be left hanging dry 💸.
The community has not taken this move lightly, many condemning it on X as they drew comparisons with what would happen if a public company acquires another 🤷♂️. According to one crypto enthusiast, Pump.fun should have acquired the PADRE tokens or converted to the equivalent dollar value in PUMP tokens 💸.
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2025-10-25 13:11