Marlin vs Raydium — how do they compare? Marlin trades at Rp14.6 (market cap Rp151,7M, Rp47,86M 24h volume), while Raydium trades at Rp12,535 (market cap Rp3,36T, Rp216,52M 24h volume). The key difference: Raydium is far larger — about 22149× Marlin's market cap, and Raydium's supply is capped (269,3M / 555M RAY (49%)) while Marlin's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Marlin for 33 Days and Raydium for 24 Days on average.
| POND | RAY | |
|---|---|---|
Market Cap | Rp151,7M | Rp3,36T |
Volume (24h) | Rp47,86M | Rp216,52M |
Circulating Supply | 8,2B POND | 269,3M / 555M RAY (49%) |
Typical Hold Time | 33 Days | 24 Days |
Signals from Pluang's Aura AI — not financial advice
Marlin (POND) exhibits a bearish technical signal with moving averages indicating strong selling pressure, though oscillators show some bullish divergence. The token trades with a market cap of Rp151.7 million and a hold time of 33 days, suggesting moderate holding behavior. Recent ecosystem updates are limited, with no major protocol developments reported in crypto-specific channels.
Overall outlook remains cautious due to bearish technicals and low market cap, presenting high volatility risks. Key opportunities include potential rebounds from oversold oscillator signals, while major risks involve thin liquidity and regulatory uncertainties in the crypto space. Investors should monitor trading volume and on-chain activity for confirmation of trend changes.
Raydium (RAY) trades at Rp12,568, showing neutral technical signals with bullish moving averages but neutral oscillators. The token holds a market cap of Rp3.36T with 49% of its max supply circulating. Recent milestones include surpassing Rp1,000T in trading volume after listings on Robinhood and Revolut, and enabling tokenized SpaceX stock trading on Solana, boosting its ecosystem utility.
Outlook is cautiously optimistic due to growing exchange support and protocol innovation, but risks include high volatility and regulatory uncertainty. Key support lies at Rp11,834, with resistance at Rp12,514. Investors should monitor on-chain activity and broader crypto market trends for directional cues.
What Pluang investors did over the last 30 days
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POND is an Ethereum token that powers Marlin, an open protocol providing a high-performance programmable DeFi and web3 network infrastructure. POND can be used to delegate to Marlin nodes and as a reward for operating the relay network correctly.
Read more on POND →Raydium (RAY) is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks.
Read more on RAY →