Raydium token sinks 7.3% in a steady Tuesday slide near its low
Raydium’s token fell 7.3% in 24 hours to $1.64 as of 4:40 p.m. ET on Tuesday, trading just above its daily low.
The Raydium token sinks 7.3% in 24 hours. Raydium ($RAY) trades at $1.64 as of 4:40 p.m. ET on Tuesday, Nov. 10, according to CoinGecko.
The quick take
- Price: $RAY at $1.64, down 7.3% in 24 hours (CoinGecko, 21:40 UTC).
- Trigger: no Raydium news confirmed; the drop came as Solana ($SOL) fell 3.4% and Orca DEX ($ORCA) lost 6.7%.
- Watch: the $1.63 daily low and Raydium AMM deposits, down 4.2% in a day on DefiLlama.
What happened
CoinGecko puts the 24-hour range between $1.63 and $1.77, so $RAY sits just above its low for the day. Jupiter’s price feed agrees with CoinGecko within 0.1%.
On Binance’s RAY/USDT pair, the slide was slow and steady. The pair stood near $1.78 at 4 p.m. ET on Monday and slipped under $1.70 before midnight. From 10 a.m. to noon ET on Tuesday it lost more ground, from $1.69 to $1.64.
CoinGecko values $RAY at $442.7 million, with $22.9 million traded across markets in the past day.
Why it moved
No Raydium announcement explains the drop, so the cause is not confirmed. The move came on a weak day for Solana tokens. $SOL fell 3.4% to $83.32, and Orca DEX, another Solana exchange token, gave up 6.7%, per CoinGecko.
The fall also trims a good week. CoinGecko still shows $RAY up 6.4% over seven days, and CoinPaprika shows a 6.2% gain.
Who’s buying and selling
Pool data gives a split picture. In the largest RAY/SOL pool on Raydium, DexScreener counts 15,865 buys against 9,052 sells in 24 hours, with $1.8 million in liquidity. In the RAY/USDC pool, GeckoTerminal counts 1,914 buys and 2,035 sells, with $6.2 million in liquidity.
Deposits eased as well. DefiLlama shows Raydium AMM total value locked at $936.3 million, down 4.2% in a day and 10% in a week. Raydium AMM handled $145.9 million in 24-hour volume, fourth among Solana DEXs.
What to watch next
Traders will watch whether $RAY holds above the $1.63 daily low. A second signal is Raydium AMM deposits: do they keep shrinking, or steady while Solana DEX volume holds near $1.5 billion a day?
Bottom line: Raydium’s token gives back 7.3% in a slow slide that tracks a weak day for Solana DeFi tokens, with no project news behind it.
Price data: CoinGecko
Sources
- CoinGecko: Raydium price, 24h range, market cap and volume (21:40-21:44 UTC, Nov. 10)
- DefiLlama: Raydium AMM TVL (21:41 UTC)
- DefiLlama: Solana DEX volume (21:41 UTC)
- Jupiter: RAY price feed (21:41 UTC)
- Binance: RAY/USDT hourly prices (21:41 UTC)
- DexScreener: RAY/SOL pool on Raydium (21:41 UTC)
- GeckoTerminal: RAY/USDC pool (21:41 UTC)
- CoinPaprika: Raydium 7-day change (21:44 UTC)
Not financial advice.
