Pump just bought Padre. Here’s what that actually means: Pump[dot]fun, the leading memecoin launcher, has officially acquired the cross-chain trading terminal Padre. The PADRE token is being phased out. A snapshot was taken on October 24, and holders can claim $PUMP tokens in exchange by submitting their wallet before December 30. Since the announcement: → PADRE dropped by approximately 75% after its utility was effectively removed. → PUMP saw a ~10% increase in price following the news. → The acquisition reflects a growing trend of consolidating volume and infrastructure under one roof. But this is more than just a buyout. Pump is securing the full trading stack, controlling not only where memecoins are launched, but also where they’re traded. This marks the beginning of a new phase: vertical integration in the memecoin space.