Raydium token rally reaches 148% in a month as late buying returns
Raydium ($RAY) traded at $2.22 at 7:39 p.m. ET on Oct. 5, up 5.2% in 24 hours as late-day buying extended a 148% monthly run.
Raydium ($RAY) kept climbing into Monday evening. The Raydium token rally reaches 148% over 30 days, according to CoinGecko, after a 5.2% gain in 24 hours to $2.22 as of 7:39 p.m. ET. Solana ($SOL) slipped 0.6% over the same day.
The quick take
- Price: $RAY at $2.22, +5.2% ↑ in 24 hours and +19% ↑ in seven days (CoinGecko, 23:39 UTC).
- Trigger: buyers returned after midday, lifting Binance hourly readings from $2.00 at noon ET to $2.23 at 7 p.m. ET.
- Watch: Raydium’s main pools hold $1.35 billion in deposits, little changed in a week (DefiLlama).
What happened
$RAY spent the first half of the day sliding. On Binance’s RAY/USDT pair, hourly readings eased from $2.11 on Sunday evening to $2.00 by noon on Monday. Then buying picked up, and the price rose in almost every hour into the evening.
CoinGecko puts the 24-hour range at $2.00 to $2.24. Even after the monthly run, the token trades 87% below its record of $16.83 from September 2021.
Why it moved
The cause of the move is not confirmed. The gain came while most large coins drifted lower.
Activity on the exchange itself held steady. DefiLlama’s latest daily figure puts Raydium AMM volume at $177.3 million, fifth on Solana behind PumpSwap at $397.8 million. The value locked in Raydium’s AMM pools stands at $1.35 billion, down 0.2% in a week.
Who’s buying and selling
Turnover was solid for a token of this size. CoinGecko counts $51.6 million in 24-hour volume against a market value of $598 million.
On-chain trade counts lean toward buyers. The largest RAY/SOL pool on DexScreener logged 18,997 buys and 17,158 sells. These counts track the number of trades, not their size.
What to watch next
Watch whether $RAY holds above the $2.00 low it set at midday Monday. Also watch whether deposits in Raydium’s pools start to follow the token higher. Bitcoin ($BTC) slipped 0.7% in 24 hours, per LiveCoinWatch, so this move stands apart from the wider market.
Bottom line: $RAY added 5.2% on a late push, stretching a monthly run that deposits in Raydium’s own pools have not matched.
Price data: CoinGecko, cross-checked with Jupiter’s price feed.
Sources
- CoinGecko — Raydium (RAY) price, range and volume
- Binance — RAY/USDT hourly prices
- DefiLlama — Raydium AMM total value locked
- DefiLlama — Solana DEX volume by exchange
- DexScreener — RAY/SOL pool on Raydium
- LiveCoinWatch — Bitcoin market context
Not financial advice.
