Raydium token climbs 7.2% as an overnight rally holds into Monday
Raydium ($RAY) rose 7.2% in 24 hours to $1.93 as of 8:42 a.m. ET on Monday, Oct. 19, after a steady overnight climb.
Raydium ($RAY) started the week on firm footing. The Raydium token climbs 7.2% over 24 hours to $1.93, according to CoinGecko data as of 8:42 a.m. ET on Monday, Oct. 19. Jupiter priced it at $1.93 at the same time.
The quick take
- Price: $1.93, +7.2% ↑ in 24 hours (CoinGecko, 8:42 a.m. ET).
- Trigger: a steady climb that began Sunday evening; no cause has been confirmed.
- Watch: whether $RAY holds near the top of its daily range of $1.71 to $1.96.
What happened
$RAY traded between $1.71 and $1.96 over the past 24 hours, CoinGecko shows. At $1.93, it sits close to the top of that range.
The token’s market value is about $521 million, with $40.2 million in trading volume over 24 hours. It is up 6.7% over 30 days, yet still about 89% below its record high of $16.83 from September 2021.
Why it moved
Hourly prices on Binance’s RAY/USDT pair show the shape of the move. The weakest hourly close, $1.71, came at 4 p.m. ET on Sunday. The token climbed from there and reached $1.91 by 11 p.m. ET.
Since 3 a.m. ET, its hourly closes have stayed between $1.91 and $1.94. The cause of the rise is not confirmed.
The wider market moved less. Solana ($SOL) rose 1.2% on CoinGecko. LiveCoinWatch showed Bitcoin ($BTC) up 0.8% and Ether ($ETH) up 0.5% at 8:42 a.m. ET.
Who’s buying and selling
Trade counts in the token’s top pool are close to even. DexScreener shows 15,029 buys and 14,706 sells over 24 hours in the RAY/SOL pool on Raydium, which holds $2.3 million in liquidity.
Trade counts do not show trade size, so a few large orders can matter more than many small ones.
What to watch next
DefiLlama tracks $1.18 billion in deposits on Raydium’s main trading pools. Its latest 24-hour reading puts their volume at $113.5 million, fifth among the Solana trading venues it lists.
Watch whether $RAY holds near the top of its daily range, and whether trading volume stays near $40 million a day.
Bottom line: $RAY rose 7.2% in a steady overnight climb that outpaced the wider market, with buy and sell trades close to even in its top pool.
Sources
- CoinGecko: Raydium price, 24-hour range, record high, market cap and volume
- Jupiter: $RAY price cross-check
- Binance: RAY/USDT hourly prices
- DexScreener: RAY/SOL pool on Raydium, buys and sells
- DefiLlama: Raydium AMM deposits
- DefiLlama: Solana DEX volume
- CoinGecko: Solana price
- LiveCoinWatch: Bitcoin and Ether prices
Price data: CoinGecko, cross-checked with Jupiter.
Not financial advice.
