The Padre token slumped greater than 76% as its value fell from above $0.076 to $0.011, with this coming after memecoin launchpad Pump.enjoyable introduced it had acquired the multichain buying and selling terminal.
Abstract
- The Padre token plummeted greater than 76% to $0.011.
- PADRE value fell after Pump.enjoyable introduced it acquired the buying and selling terminal.
- In response to an announcement, one of many adjustments to the Padre ecosystem is the elimination of utility for the native token.
The sharp decline got here amid the acquisition, and associated to particulars to the impact that Pump.enjoyable’s takeover will see the discontinuation of the PADRE token.
A panicked neighborhood seemed to exit, and the market confirmed with the token cratering greater than 76% from highs of $0.076 to lows of $0.011 on the time of writing.
Why Pump.enjoyable acquired Padre
Pump.enjoyable (PUMP) disclosed the acquisition on October 24, 2025, noting through X that Padre permits the Solana-based memecoin launchpad to develop its traction with one of many trade’s main buying and selling terminals.
The platform presents customers a high-speed buying and selling expertise, {and professional} merchants can faucet into its answer throughout Solana, BNB Chain, Base, and Ethereum. Padre is ready to unlock a sophisticated buying and selling expertise for customers, the Pump.enjoyable group stated.
However whereas Padre will proceed to perform as typical, together with offering entry to buying and selling on each launchpad and decentralized alternate throughout the supported chains, there’s one notable change.
And that’s what doubtless spooked token holders.
Pump.enjoyable stated the PADRE token “will now not have utility on the platform.”
Moreover, it indicated that there are “no additional plans for the long run.” No utility means nugatory, and holders could possibly be left hanging dry.
The neighborhood has not taken this transfer frivolously, many condemning it on X as they drew comparisons with what would occur if a public firm acquires one other.
In response to one crypto fanatic, Pump.enjoyable ought to have acquired the PADRE tokens or transformed to the equal greenback worth in PUMP tokens.