Raydium core contributor: pump.fun launching its own AMM would be a strategic mistake

Odaily Daily News: Yesterday, pump.fun was revealed to be testing its own AMM, which may replace Raydium's liquidity pool. This news led to a large-scale sale of RAY tokens. Raydium is the largest AMM platform on the Solana chain, with over 30% of its trading volume coming from pump.fun tokens. Raydium core contributor InfraRAY stated that pump.fun's self built AMM may face risks such as insufficient infrastructure and low demand for migrating tokens, leading to an overreaction of the market to Ray's sell-off. （CoinDesk）