Raydium, a decentralized exchange (DEX) built on the Solana Network, has emerged with substantial recent developments impacting its native token, RAY. These significant moves have resulted in volatility and massive price actions. Raydium pledged a fierce competition against Pump.Fun via its LaunchLab token launchpad, leading to a
28% surge in the RAY token. However, when
Pump.Fun tested its own AMM as a rival, RAY saw a 22% dip due to the swirling market anxiety. In the Solana ecosystem, this rivalry has boosted an intriguing meme coin war. Despite the turbulence, Raydium managed to bounce back with a
token buy-back that fuelled its bullish momentum. Amidst the rivalry, Raydium recorded a remarkable
$200 million in crypto DEX volume, overtaking Uniswap twice in monthly volumes. In light of growing meme-coin hype, Solana-based Raydium intends to become
Pump.Fun's competitor with its meme coin factory strategy. Despite the looming challenges from Pump.Fun's upcoming AMM, Raydium's
LaunchLab boosted RAY Token 28%, proving its resilience. RAY token soared at a rate exceeding double digits after Solana’s insinuation of a new meme coin launchpad. However, despite the bullish trend, analysts advise caution with ascendent predictions highlighting potential obstacles the RAY Coin might face in the future.
Raydium Coin News Analytics from Fri, 13 Sep 2024 07:51:17 GMT to Wed, 16 Jul 2025 07:00:00 GMT -
Rating 5
- Innovation 6
- Information 9
- Rumor -2
