Wu said that according to data from @0xEekeyguy, prop AMMs already handle approximately one-third of Solana DEX's daily trading volume, with 80%-85% of prop AMM transactions conducted through Jupiter, collectively accounting for 55% of Jupiter's total trading volume. Currently, major prop AMM participants include Humidifi, SolFi, Tessera, Zerofi, Goonfi, and Obric. Notably, a whale named 7Pypum…3yuz8R purchased $4 million worth of SOL on the Solana chain at 5:05 UTC+8 today, attracting community attention. This transaction was primarily completed through Jupiter calls to prop AMMs. Prop AMMs use private quotes, and trades are typically executed by aggregators.

Phantom Wallet sues over $500,000 meme coin theft linked to so-called security flaws Phantom Wallet Phantom Wallet took a blow for stealing $500,000 in meme coins. Plaintiffs claim that Phantom’s security flaws expose users to potential malware and encryption thefts. As a result, they are pursuing a total of $3.1 million in losses. #binancealphaalert #meme