Analysis of Pump.fun's acquisition of Padre
TL;DR
On October 24, 2025, Pump.fun announced the acquisition of the Padre trading terminal. The announcement also announced that the $PADRE token would lose all utility and have no future plans , causing the token price to plummet 75-90% to approximately $0.015. On-chain data showed that 77% of daily trading volume, totaling $2.28 million, occurred within the first hour of the announcement. The community reacted extremely negatively, calling it a "theft," and token holders received no compensation.
Core Analysis
Acquisition Details
Acquisition Terms :
- Acquisition amount : Undisclosed
- Announcement date : October 24, 2025 via @pumpdotfun official Twitter
- Technical Integration : The Padre team and technology are incorporated, but the $PADRE token is completely invalidated
- Strategic Goal : Expand multi-chain capabilities and enhance professional trading tools to cope with the cooling of the Memecoin market (revenue decreased by 80% year-on-year)
Official statement : Pump.fun said on Twitter that "pump fun has acquired @PadreApp. Padre is an industry-leading trading terminal that provides a seamless, high-speed trading experience and next-level analysis for professional traders of Solana, BNB Chain, Base and Ethereum L1."
On-chain activity analysis
Trading volume surges :
- Total daily trading volume : $2,286,712 (October 24, 2025, 00:00-22:00 UTC)
- Buying volume : $1,092,106 (48%)
- Selling volume : $1,194,606 (52%)
- Net selling pressure : $102,500
Analysis of key time points :
| Time (UTC) | Buy Amount (USD) | Selling volume (USD) | Total trading volume (USD) |
|---|---|---|---|
| 00:00-11:00 | $53,155 | $42,373 | $95,528 |
| 14:00 (peak) | $828,153 | $935,675 | $1,763,829 |
| 15:00-21:00 | $208,046 | $213,284 | $421,330 |
Big investor trends :
- Major sellers : 5 wallets sold over $925,000, with the largest single sale being $450,000 (3.2 million tokens)
- Buy the dips Hunters : 5 wallets bought a total of $615,000, indicating that some investors are buying on the dip.
- Changes in coin holdings : The share of the top 10 coin holders dropped from approximately 60% to 45%, increasing decentralization but putting pressure on prices.
Community sentiment analysis
Twitter/X reaction :
Anger and accusations :
- @AmirOrmu calls the 90% drop "a form of theft"
- @0xLouisT predicts the Altcoin sector remains “doomed to failure” due to a lack of obligations on issuers
- @Nic_Wenzel_1 criticizes the token for lacking intrinsic value or protection mechanisms
Discussion of systemic issues :
- The community calls for a legal framework to protect token holders
- Propose alternative models such as custodial wallets to incentivize buybacks upon acquisition
- Criticism of "poor business practices" and the lack of a compensation mechanism for token holders
Sentiment Summary : Overwhelmingly Negative, No High-Quality Content Defending the Acquisition Terms or Downplaying the Losses
Technical Analysis
Price performance :
- Current Price : $0.015239 (at the time of analysis)
- 24-hour decline : -68.61%
- 7-day decline : -71.65%
- Historical high : $0.293630 (December 25, 2024), currently down -94.81% from ATH
Market Data :
- Market capitalization : $571,477
- Fully diluted valuation : $1,523,939
- 24-hour trading volume : $620,510
- Circulating Supply : 37,500,000 PADRE (37.5%)
in conclusion
This acquisition exposed serious flaws in the protection of token holders' rights in the cryptocurrency industry. Although Pump.fun acquired Padre's technology and user base, it did so at the expense of the interests of $PADRE holders, sparking widespread controversy over the ethics and governance mechanisms of token economics .
The extreme drop in token prices and strong opposition from the community indicate that similar acquisition cases in the future will require the establishment of more comprehensive token holder protection mechanisms to maintain the long-term trust and development of the industry.