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Tag: pump

  • PUMP Rallies 10% Following Pump.Fun’s Acquisition Of Trading Terminal Padre

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    Pump.fun announced the acquisition of a leading multi-chain trading terminal to further expand its ecosystem, triggering a 10% price surge for the platform’s token, PUMP.

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    Pump.fun Acquires Padre

    On Friday, Solana’s leading launchpad, Pump.fun, announced it had acquired multichain trading terminal Padre for an undisclosed amount as part of its “mission to tokenize the world’s highest-potential opportunities.”

    The platform explained that trading terminals have “captured most trading volumes in the ecosystem” for the past year. Therefore, the acquisition of Padre, which supports trading across Ethereum, Solana, BNB Chain, and Base, “was a no-brainer,” Pump.fun’s co-founder Alon Cohen affirmed.

    “Today marks another historic day for the PUMP ecosystem. What we’re known for is innovating, growing the market as a whole and creating the most retail-friendly products,” Cohen wrote on X.

    “But we have always wanted to find more ways to support and reward our existing, loyal user base, most of which uses pro trading terminals,” he continued, adding that “the Padre team has shown the most grit, execution capability and integrity out of any crypto team I have gotten to know.”

    According to the official announcement, Padre will function as usual, but users will experience significant upgrades in user experience, especially for tokens launched on Pump.fun. Additionally, the integration will improve data and speed, and offer better trading incentives.

    PUMP Breaks Out Of Bearish Structure

    Following the news, Pump.fun’s token, PUMP, became one of the best-performing tokens in the past 24 hours, jumping 11.6% to a one-week high of $0.0043. The cryptocurrency has been trading within the $0.0036-$0.0046 price range since the early October correction.

    Analyst Sjuul from AltCryptoGems noted that yesterday, PUMP was “in a bit of trouble” after retesting the range lows, needing to break out of a bearish structure to prevent a breakdown to lower levels.

    After today’s rally, PUMP “finally broke that structure,” suggesting that the range high should be the next target for the cryptocurrency’s price.

    A potential breakout from this range could set the stage for a retest of the $0.005 mark, a key support and resistance level during the Q3 rally that was lost during the October 10 pullback.

    PADRE Crash Drives Community Backlash

    Despite the PUMP rally, Pump.fun received some backlash after the acquisition. Padre’s users slammed the memecoin launchpad for one of the key changes listed in the announcement.

    According to the official X post, trading terminal’s token, PADRE, “will no longer have utility on the platform with no further plans for the future.” As a result, the cryptocurrency dropped 76% in an hour to a multi-month low of $0.009 before stabilizing at around $0.0139.

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    A user criticized the decision, affirming that “when you acquire a product that has been on the market for more than a year, (…) it would be really wise to take into account people that have invested into the token as well.”

    The user considers that “posting a statement that renders the token absolutely useless and sunsetting it in this way is atrocious,” suggesting that the Pump.fun team should have taken a snapshot and announced an airdrop for PADRE holders.

    PUMP’s performance in the one-week chart. Source: PUMPUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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    Rubmar Garcia

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  • Lake George water study could delay commercial construction

    Lake George water study could delay commercial construction

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    LAKE GEORGE — The Village Board is expected to announce a moratorium on any new commercial property water hookups in the town outside of the village in order to conduct a 10- to 12-week water study.

    The board will vote on the resolution at its December meeting. The moratorium is proposed for six months.

    According to a news release from the village, the board hired C.T. Male Engineering to conduct a study of the village’s water system to evaluate options for the growing needs of the area.

    Lake George Town Supervisor Dennis Dickinson said Richard Schermerhorn’s plans to develop housing at the former site of Water Slide World was a driving force in deciding to conduct the study.

    “We’ve had some interest from developers for large water usage projects and the village has enough water, but they want to make sure they can get to the volume needed for these projects, so that prompted us to have the water study done,” Dickinson said.

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    The village of Lake George water filtration system currently serves over 1,800 residents and businesses in the town and village of the Lake George. The town and village boards have agreed to conduct a study looking at options to continue to provide water services to the growing development in the area.




    While the town and village both operate water filtration plants, the town-operated facility in Diamond Point serves fewer than 100 residents with a well water system, while the village plant serves over 1,800 residents in the village and town with more than 1,400 water service connections.

    Currently, the village water is pumped directly from Lake George by a pump station on Beach Road to a modern water filtration station on Ottawa Street and distributed throughout the system.

    The village supplies users north to Hearthstone Park on Route 9N and south to Route 9L, as well as on the east side of the lake.

    The village news release not only cited the plans for the old Water Slide World site, but also the recent conversion of the old Ramada Inn into residences and multiple other condo developments on Route 9L and Bloody Pond Road, as reasons to conduct the water study and explore options for services.







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    Demolition was ongoing this fall at the former home of Water Slide World, after real estate developer Richard Schermerhorn purchased the property with plans to build housing on the site. The plans, while not yet submitted to the town of Lake George, are a driving force behind the decision for a townwide water study.



    Jana DeCamilla



    “Village officials are concerned that the current filtration plant will not be able to service the expected higher volume and have joined with the Town Board to finance the $43,000 study. The study is expected to take 12-14 weeks,” Tuesday’s release states.

    The study is meant to examine the present capacity of the system, point out areas of concern or possible limitations and provide conceptual designs of improvement to continue to accept additional customers in the planned areas of development.

    “We do not want to hinder growth in the town of Lake George,” village Mayor Bob Blais said. “We want to be able to service all customers that wish village water in the town-outside-village and at the same time maintain an adequate reserve for the village.”

    Jana DeCamilla is a staff writer who covers Moreau, Queensbury, Warren County and Lake George. She can be reached at 518-903-9937 or jdecamilla@poststar.com.

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