Raydium (RAY) surged 33% in a day, breaking above $1 and reaching an 8-month peak of $1.19 before settling at $1.09. This rally was driven by a robust buyback program where 86% of protocol revenue is used to repurchase tokens, reducing market supply and pressure. Additionally, increased staking has absorbed circulating supply, further supporting the price. Despite some profit-taking by holders, technical indicators like RSI and DMI suggest the bullish momentum is likely to continue, with a potential target of $1.26.
Jupiter (JUP) surged over 12% in 24 hours, driven by a buyback program reducing circulating supply and increased activity in the Solana ecosystem. Discussions around Solana's low fees and criticism of Robinhood sparked network interest, boosting rela...
Raydium's native token RAY surged about 61% in 24 hours, rising from under $1 to over $1.30 due to increased trading activity on its Solana-based decentralized exchange. This spike was driven by the integration of the StonkFun launchpad, which brough...
