Raydium (RAY) price surges on strong spot buying amid increased Solana DeFi activity.

Raydium (RAY), a Solana-based decentralized exchange token, saw a significant price surge on October 7, 2026, driven by strong spot buying pressure rather than leveraged trading. The elevated bid/ask ratio and neutral funding rates indicate real demand supported by increased activity on Solana's network, including Raydium's liquidity pools and LaunchLab token launches. This surge reflects growing interest in Raydium's role in Solana DeFi, which could sustain if swap volumes and network activity remain high. However, risks include potential volume contraction, broader Solana ecosystem downturns, or increased leveraged trading that could lead to price corrections.

Raydium (RAY) is currently trading at Rp43.601 on Pluang as of Oct 07, 2026 22:04 WIB, showing a strong 1-day gain of 10.74%. This surge contrasts with the typical Pluang order activity for RAY, where 75% of orders are sell and only 25% buy, suggesting that despite the price jump, many holders may be taking profits. With a market cap of Rp11,96 trillion and a 24-hour trading volume of Rp3,54 trillion, RAY's liquidity remains robust amid this price movement.