FUN (FUNToken) has risen 21.14% in the last 24 hours.

Gate News Bot news, on October 28, according to CoinMarketCap data, as of the time of writing, FUN (FUNToken) is currently priced at $0.00424, having risen 21.14% in the last 24 hours, with a high of $0.00426 and a low of $0.00325. The current market capitalization is approximately $45.8 million, an increase of $8 million compared to yesterday.

FUNToken is a platform token dedicated to decentralized gaming and finance. It offers a fast, secure, and rewarding experience. The FUN ecosystem enables users to take control of their gaming destiny and provides adaptability for the future digital realm. Its features include rapid wallet-to-wallet transactions, the security of non-custodial wallets, the efficiency of ERC20 tokens, and transparent transaction verification on the blockchain. FUNToken supports game operators, developers, and individual users, powering decentralized applications and games.

Important news about FUN recently:

1️⃣ pump.fun strategic expansion, acquisition of trading terminal Padre pump.fun announces the acquisition of the trading terminal Padre, aimed at upgrading the user experience of pump.fun. After the acquisition is completed, Padre will continue to operate its launchpad and decentralized exchange business across multiple blockchains such as Solana, BNB Chain, Ethereum L1, and Base. This strategic move may bring more users and liquidity to the FUN ecosystem, thereby positively impacting the price of the FUN token.

2️⃣ PADRE Token Usage Adjustment As the acquisition progresses, the PADRE token will no longer be used on the Padre platform, and there are currently no further future plans. This change may cause some users to transfer funds from PADRE to FUN, potentially increasing the demand and circulation of FUN.

3️⃣ Multi-chain ecosystem expansion Padre's operations across multiple blockchains such as Solana, BNB Chain, Ethereum L1, and Base will continue, which means the FUN ecosystem may take this opportunity to expand its influence in a multi-chain environment, with the potential to attract more cross-chain users and developers.

From a technical perspective, the significant rise of the FUN token within 24 hours may be related to these strategic initiatives. The market seems to be responding positively to the expansion plans of pump.fun, driving the price of the FUN token up. However, investors should closely monitor the subsequent integration progress and potential synergies to assess the long-term rise prospects.

This message does not constitute investment advice, and investors should be aware of market volatility risks.