Raydium Reaches 11-Month High With Three Catalysts Driving the 90% Rally
Raydium (RAY) value surged to an 11-month high on Friday. This transfer was a part of a 90% weekly rally, making it the second-strongest performer amongst the high 300 cryptocurrencies.
The Solana decentralized alternate (DEX) token gained floor whereas the wider crypto market slipped 3.9% over the identical seven days, with Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) all buying and selling decrease.
RAY Token Outruns a Falling Market
RAY ranks 117th by market capitalization and has added 14.67% in the previous 24 hours alone. It touched an intra-day high of touched $1.75 at present.
This marked its highest value since late October 2025. Only STONK (STONK) meme coin, up 1,220.8% this week, posted a much bigger weekly acquire throughout the high 300.
Most Solana ecosystem tokens adopted the market decrease this week, leaving RAY as the outlier.
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3 Catalysts Behind the 90% Move
According to CoinGecko, 3 catalysts sit behind the newest rally. StonkFun said on September 6 that each one new token deployments would run by Raydium’s LaunchLab.
The change minimize deployment prices to 0.03 SOL from 0.29 SOL. Raydium additionally upgraded LaunchLab this month.
Raydium then repurchased $640,788 of RAY on September 9. Messari knowledge exhibits that it was the heaviest day by day buyback since February 2025. The protocol routes 12% of fees in the direction of RAY purchases.
Tokenized equities supplied the third stream. Backpack Securities listed Grindr’s GRND token on September 10, and it noticed $11 million in buying and selling volume in an hour.
More than 15 stock tokens, including Boeing, Costco, and Roblox, additionally went dwell by Backpack and Sunrise this week.
Buybacks scale with fee revenue, and payment income scales with quantity. The open query is whether or not StonkFun’s launch circulate and stock-token buying and selling maintain up as soon as the speculative burst round them cools.
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The submit Raydium Reaches 11-Month High With Three Catalysts Driving the 90% Rally appeared first on BeInCrypto.
