Raydium's RAY token jumps 61% on surge in trading from StonkFun launchpad integration

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 brought new liquidity and speculative interest to Raydium's platform. Raydium also supports its token price with a unique buyback program using 12% of trading fees, which has already removed over 30% of RAY's circulating supply, adding structural support. However, the rally may be short-lived if the speculative momentum from StonkFun fades, so investors should watch if trading volume remains high or returns to previous levels.