Raydium token falls 5.7% in a slow Monday slide near its low

Raydium ($RAY) traded at $1.53 at 4:41 p.m. ET on Monday, down 5.7% in 24 hours on Binance’s RAY/USDT pair.

The Raydium token falls 5.7% in 24 hours as a slow Monday slide takes it close to its daily low. Raydium ($RAY) traded at $1.53 at 4:41 p.m. ET on Binance’s RAY/USDT pair.

The quick take

Price: $1.53, -5.7% ↓ in 24 hours on Binance (RAY/USDT); Jupiter showed $1.53, -5.5% ↓.
Trigger: No Raydium news; the drop came during a wider market dip, with $SOL -2.7% ↓.
Watch: Whether $RAY holds above Monday’s Binance low of $1.52.

What happened

$RAY sat near $1.62 through Sunday evening and the first hours of Monday, ET. Selling picked up around 2 a.m. ET on Monday and again from 11 a.m. ET. By 3 p.m. ET the token was down to $1.53, and it stayed there.

On Binance, the 24-hour range ran from a high of $1.64 to a low of $1.52. That leaves $RAY about 1% above its low. Jupiter, the Solana trading aggregator, priced it at $1.53, within 0.1% of Binance.

Why it moved

We found no Raydium announcement on Monday that explains the drop, so the cause is not confirmed. The wider market slid too. Solana ($SOL) traded at $91.99, down 2.7% on Binance’s SOL/USDT pair, and Bitcoin ($BTC) was at $76,746, down 1.5%, per LiveCoinWatch.

$RAY fell about twice as fast as $SOL. Deposits in Raydium’s main exchange pools also eased. DefiLlama puts Raydium AMM’s total value locked at $1.03 billion, down 3.1% in a day and 9.4% in a week.

That figure is counted in dollars. Falling token prices pull it lower even when nobody withdraws.

Who’s buying and selling

On-chain, buy trades still outnumber sells. In the largest RAY/SOL pool on Raydium, DexScreener counted 12,387 buys and 5,955 sells over 24 hours, with $1.95 million in liquidity.

GeckoTerminal showed a smaller gap in the RAY/USDC pool: 1,248 buys and 1,052 sells, with $5.96 million in liquidity. These are trade counts, not sizes, so many small buys can sit beside fewer large sales.

Raydium AMM still handled $120.5 million in trades over 24 hours, per DefiLlama. That ranks it third among Solana exchanges, behind Orca DEX and PumpSwap.

What to watch next

The first level is Monday’s $1.52 low on Binance. A move below it would extend the slide into a new session. Raydium AMM deposits on DefiLlama will show whether money leaves the pools, beyond the price effect.

Bottom line: $RAY lost 5.7% in a broad Monday dip with no project news behind it, and now trades just above its daily low.