Raydium token gains 5.6% as buyers lead a Sunday climb

Raydium token gains 5.6% as buyers lead a Sunday climb on Solana

Raydium’s token rose 5.6% to $1.84 in the 24 hours to 11:40 a.m. ET on Sunday, outpacing a broad market lift.

The Raydium token gains 5.6% in 24 hours as of 11:40 a.m. ET on Sunday. Raydium ($RAY) traded at $1.84, and buyers outnumbered sellers in its largest trading pool.

The quick take

Price: $1.84, +5.6% ↑ in 24 hours (CoinGecko, 15:40 UTC).
Trigger: a broad market rise, with Solana ($SOL) up 2.7%.
Watch: the 24-hour high of $1.87.

What happened

$RAY moved between $1.73 and $1.87 over the past day, CoinGecko data shows. Its market value stands near $496 million. Total trading volume reached $25.4 million in 24 hours.

On Binance’s RAY/USDT pair, the climb began near $1.75 at noon ET on Saturday. The token reached about $1.86 by 9 p.m. ET. It eased to $1.79 early Sunday, then recovered.

Over seven days, $RAY is up 2.4% on CoinGecko. Jupiter’s price feed showed $1.836, within 0.2% of CoinGecko. The token is still 12% lower than 30 days ago. It sits 89% below its record high of $16.83 from September 2021.

Why it moved

The wider market rose on Sunday. $SOL gained 2.7% in 24 hours on CoinGecko. Bitcoin ($BTC) added 1.5%, according to LiveCoinWatch.

$RAY roughly doubled the gain of $SOL. The cause of that extra gain is not confirmed.

Who’s buying and selling

DexScreener shows 12,603 buys and 10,214 sells in 24 hours in the top RAY/SOL pool on Raydium. That pool holds about $2.24 million in liquidity.

GeckoTerminal gives a second reading from the RAY/USDC pool. It counted 2,188 buys against 1,582 sells, with about $6.5 million in liquidity. Both pools lean toward buyers.

What to watch next

Deposits on the exchange itself have barely moved. DefiLlama puts total value locked in Raydium AMM at $1.15 billion, down 0.7% in a day and 2.1% in a week.

Across Solana, decentralized exchanges handled $1.42 billion in 24 hours, per DefiLlama. Readers can watch whether $RAY holds above its 24-hour low of $1.73 if the market cools.

Another signal is the buy and sell count in the two main pools. Buyers led in both over the past day. A shift toward sellers would show the push fading, whatever the wider market does.

Bottom line: Raydium’s token outpaced a broad Sunday rise, with buyers ahead in its main pools while deposits barely moved.

Price data: CoinGecko (cross-checked with Jupiter).