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Pump.fun Acquires Multi-Chain Trading Platform Padre

Pump.fun Acquires Multi-Chain Trading Platform Padre

Pump.fun confirms PUMP token distribution to PADRE holders, requiring Solana wallet submissions by December 30 as part of its post-acquisition compensation plan.

SOL

Summary

Pump.fun has formally announced it will issue PUMP tokens to PADRE holders based on an October 24 snapshot, as part of a compensation plan following removal of PADRE token utility. Eligible claimants must submit their Solana wallet addresses by December 30 to receive the distribution. The announcement follows Pump.fun’s acquisition of multi-chain trading platform Padre and the discontinuation of PADRE’s native token, which led to a significant price drop.

Terms & Concepts
  • Solana: A high-performance blockchain known for fast transaction processing and low fees, widely used for DeFi and Web3 applications.
  • BNB Chain: A blockchain ecosystem developed by Binance that supports smart contracts and decentralized applications.
  • Ethereum: The leading programmable blockchain supporting smart contracts and decentralized applications (dApps).