Raydium weekly slide deepens to 17% as Friday selling hits $RAY
Raydium ($RAY) traded at $1.49 at 4:40 p.m. ET on Friday, down 6.5% in 24 hours and 17% over seven days, according to CoinGecko.
The Raydium weekly slide deepened on Friday. Raydium ($RAY) traded at $1.49 at 4:40 p.m. ET, according to CoinGecko. That is 6.5% lower than a day earlier and 17% below its price a week ago.
The quick take
- Price: $RAY $1.49 (-6.5% ↓ in 24 hours, -17% ↓ in 7 days)
- Trigger: A weak day across crypto, with $BTC and $ETH each down 4.6%
- Watch: Whether sellers keep outnumbering buyers in the main RAY/USDC pool
What happened
$RAY traded as high as $1.61 in the past 24 hours, CoinGecko data shows. Over 30 days, the token is down 19%. Jupiter’s price feed showed $1.49 at the same time, within 0.3% of CoinGecko.
Trading stayed busy. CoinGecko counted $24.4 million in 24-hour volume, against a market value of $403 million. The token now sits about 91% below its record high of $16.83, set in September 2021.
Why it moved
The cause of the drop is not confirmed. It came on a weak day for the whole market. LiveCoinWatch data shows Bitcoin ($BTC) down 4.6% at $68,219 and Ethereum ($ETH) down 4.6% at $1,926 over 24 hours.
Solana ($SOL), the network Raydium runs on, slipped 2.8% to $79.22 on CoinGecko. $RAY fell more than twice as much.
Who’s buying and selling
Sellers led in the main RAY/USDC pool on Raydium. DexScreener counted 2,599 sells and 2,014 buys over 24 hours, about 29% more sells than buys. GeckoTerminal showed a similar split, with 2,615 sells and 1,983 buys.
The pool holds about $5.9 million in liquidity on both trackers. Deposits on the exchange also eased. DefiLlama puts Raydium AMM’s total value locked at $911 million, down 1.2% in a day and 10.1% in a week.
What to watch next
Watch whether the selling eases once the market-wide drop slows. More buys than sells in the RAY/USDC pool would be an early sign of that. Also watch Raydium’s deposits, which DefiLlama shows 10.1% lower over seven days.
Bottom line: Raydium’s token extended a week of losses on Friday, falling faster than the wider market as sellers led its main pool.
Price data: CoinGecko (as of 4:40 p.m. ET, Nov. 13).
Sources
- CoinGecko: Raydium price, 24-hour range, volume, market value and record high
- Jupiter: RAY price cross-check
- DexScreener: RAY/USDC pool on Raydium
- GeckoTerminal: RAY/USDC pool on Raydium
- DefiLlama: Raydium AMM total value locked
- LiveCoinWatch: Bitcoin and Ethereum prices
Not financial advice.
