#RAY A rumor emerged from X user "trenchdiver" ,who claimed Pump.fun is testing AMM liquidity pools. Trenchdiver also shared a link to a beta interface branded with Pump.fun's logo, suggesting that the project is well underway .

Raydium's token (RAY) suffered a sharp decline on February 24 amid growing speculation that memecoin launchpad Pump.fun is developing it's own automated market maker (AMM) features . The potential competition could challange Raydium's dominance in Solana DEX services .