Raydium, a major token in the cryptocurrency industry, has seen a mix of ups and downs according to recent news events.
RAY, Raydium's native token has faced a significant downfall, plunging as much as
66% and
31% on separate occasions, largely due to rumors related to
Pump.Fun's possible switch to launching its own Automated Market Maker (AMM), which would compete with Raydium. However, these potential struggles don't prevent Raydium from hitting new highs. The token recently reached a two-year high, outpacing most of the cryptocurrency market last week.
Memecoin surges even catapulted Solana DEX tokens, including Raydium, affecting its trading volume and fees significantly. According to reports, Raydium witnessed an over
65% weekly gain, surpassing Uniswap yet again in monthly DEX volumes. This led to speculation of Raydium nearing the $10 mark, while its DeX volume spikes led to a formation of a potential cup and handle. Amidst both positive and negative news, Raydium continues to be a cryptocurrency to watch given its impressive trading volume and substantial market potential.
Raydium Coin News Analytics from Mon, 22 Jul 2024 07:00:00 GMT to Fri, 28 Feb 2025 00:00:03 GMT -
Rating 0
- Innovation 5
- Information 7
- Rumor 4
