Solana-based meme coin launchpad Pump.fun fights Raydium DEX for dominance. The meme coin launchpad has severed its partnership with Raydium and captured a large chunk of Solana-based trading volume.

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Funding perpetual futures linked to Raydium's RAY token signal a notable overcrowding in long positions. The skewed position leaves the door open for a "long squeeze." Raydium has done more business ...

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