Raydium vs Spell Token — how do they compare? Raydium trades at Rp12,535 (market cap Rp3,34T, Rp234,09M 24h volume), while Spell Token trades at Rp1.59 (market cap Rp310,78M, Rp55,28M 24h volume). The key difference: Raydium is far larger — about 10747.2× Spell Token's market cap, and Raydium's supply is capped (269,3M / 555M RAY (49%)) while Spell Token's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Raydium for 24 Days and Spell Token for 43 Days on average.
| RAY | SPELL | |
|---|---|---|
Market Cap | Rp3,34T | Rp310,78M |
Volume (24h) | Rp234,09M | Rp55,28M |
Circulating Supply | 269,3M / 555M RAY (49%) | 195,2B SPELL |
Typical Hold Time | 24 Days | 43 Days |
Signals from Pluang's Aura AI — not financial advice
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.
Spell Token is trading at Rp1.6056 with a market cap of Rp311.87 million, showing a bearish technical signal from moving averages while oscillators remain neutral. The asset has a short average hold time of 43 days, indicating speculative trading. No major protocol updates or ecosystem developments were reported recently, with limited on-chain activity observed.
Overall outlook remains cautious due to bearish momentum and low liquidity. Key opportunities include potential oversold rebounds from current levels, while major risks involve high volatility, thin order books, and absence of recent development momentum. Investors should monitor for any ecosystem updates or exchange listings that could improve sentiment.
What Pluang investors did over the last 30 days
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 →Spell Token is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). SPELL token can be farmed by providing liquidity in one of the different pools. SPELL can also be staked, and staked tokens accrue a share of the platform fees (interest, borrowing fees, and 10% of the liquidation fee for certain markets), which auto-compound.
Read more on SPELL →