Raydium's RAY token fell 12.06% on September 28 after reaching a high of $2.18, pulling back toward the $1.82 support level following a sharp monthly gain. The token had surged from $1.47 on September 17 to $2.18 on September 27, marking a 126-138% increase over the month before the correction. Trading volume remained high, with $101 million recorded on September 28-29. The price drop accompanied a decrease in open interest and a shift in netflows, but it is unclear if the broader uptrend has ended. The $1.82 level is critical; a daily close below it could weaken the current rising channel, while $2.18 may act as a rebound point. Raydium operates as a Solana-based decentralized exchange and liquidity provider, with RAY used for staking, governance, and IDO allocations. Recent liquidity launches on the platform coincided with the price peak but did not directly cause the move.
Raydium's RAY token is currently trading at Rp34,469 on Pluang, showing a modest gain of 1.41% in the last day. The market cap stands at Rp9.05 trillion with a 24-hour trading volume of Rp1.1 trillion as of Sep 30, 2026 06:21 WIB.
Raydium (RAY) experienced a 12.06% price drop following a 138% monthly surge, driven by profit-taking amid weakening market sentiment. The Crypto Fear & Greed Index slightly declined but remained in the 'Greed' zone, while trading volume stayed stron...
Raydium, Solana's largest decentralized exchange, recorded its highest weekly revenue since mid-2025, driven by the integration of StonkFun's tokenized stock platform. This integration cut token launch costs by nearly 90%, sparking a surge in trading...
