Crypto
Raydium Token Skyrockets After StonkFun Integration
The Raydium token (RAY) has surged in value, increasing by 12.42% to $1.197 in a single day.
This price gain comes after the StonkFun launchpad integration, which brought heightened liquidity and visibility to the RAY token.
The asset's trading volume exceeded $31.8 million, with Raydium allocating 12% of its trading fees to a token buyback program that reduces the RAY supply.
LaunchLab has announced it will support all Solana pairs by September 7, 2026, which could further increase transaction flows and fuel demand for RAY.
According to technical analysis, RAY is finding immediate resistance at $1.2514 but remains above its key support levels.